The Real Benefits Of Private Credit
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I’ve been quite critical of private investments. They’ve grown tremendously over the past decade. Drawn to their seemingly high returns and low …
Read MoreToday’s Yield Curve Steepening Is Not Different This Time, It’s Not The Same
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Investment volatility remained elevated this year. One can point to any number of culprits. My preferred cause has been interest rate volatility. I’ve …
Read MoreThe Similarities & Differences Between Today & The GFC
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I’ve said it before, 2023 has been a heck of a year. In just five months, four large regional banks and one …
Read MoreThe Fed’s Got Inflation Backwards
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Central banks endlessly fascinate me. The more I research them the more contradictions I find, particularly since their missions and impacts changed over …
Read MoreInflation No Longer Has Monetary Applications
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Inflation is one of the most important, debated, and controversial investment themes today. It’s impacting every asset class from fixed income to …
Read MoreWhy I’m Waiting For The Fed To Pivot
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So far, my 2023 investing looks just like 2022: lots of waiting. I’m not waiting for a recession to pass or for …
Read MoreWhy Commodity Currencies Are Better Than Fiat and Crypto
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Many types of currencies have been used throughout history. Sometimes commodities defined them. Other times, private bank notes circulated as mediums of …
Read MoreMarkets Are Reteaching Centralization’s Dangers
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Note from the author: I use the terms stability and instability throughout this article. However, resiliency and fragility, respectively, more accurately describe the phenomena …
Read MoreInvest Easier By Better Defining Money
Everyone loves to talk about money. While commonplace, money actually means different things to different people. Its many and conflicting definitions lead to …
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There Was An Old Bank Who Swallowed A Rule
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To this day, banking confuses many. The industry’s myriad of jargon and regulations can understandably perplex casual investors; however, they also confound experts—even those specializing in …
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