Even A Broken Clock is Right Twice a Day | May 7, 2022

Even A Broken Clock is Right Twice a Day While central bankers are very smart, they are far from infallible. Throughout the history of central banks, policy errors are common. The choice central banks are making now is between focusing on core inflation (excluding food and energy). This allows food and energy inflation to run […]
READ POST

The New Cold War | March 12, 2022

Short-Term Humanitarian Problem & Long-Term Economic Problem Hopes were raised, then dashed, and raised yet again this week as President Zelensky took NATO off the table for Ukraine and put a new negotiation on the table. The potential glitch appears to be the demand that ‘not one inch’ of Ukraine is lost (we’re unsure where […]
READ POST