Markets 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 MorePondering Investment Themes After The Russian Invasion
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So much for returning to normal. I had hoped that easing COVID restrictions would supercharge economic growth this year. Many affected industries and markets …
Read MoreRising Rates And Volatility Might Create Future Opportunities
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Catching inflection points is the holy grail of trading. It’s what makes investing lore. From shorting the 2005 housing boom or skyrocketing technology stocks …
Read MoreThe Opportunity Of Misplaced Inflation
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The global economy is apparently facing a significant problem. Inflation’s gone missing! Central bankers can’t seem to stoke it no matter how deftly …
Read MoreReframing The Risks And Opportunities In Rates
Source: Federal Reserve Bank of St. Louis, The Integrating Investor estimates
I recently contributed a guest post to Daniel Lacalle’s website. In it, I discuss the significance of this chart …
Today’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 …
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