A Modern-day miracle: The Fed is correct. The inflation spike will be “transitory.” The rate of inflation surprised the markets recently by coming in hot – it was +4.2% over…
Is QE Dead??
Capital markets have been spasming for a few months based on several concerns. On Wednesday, Dec 19, they were having a bounce back day until one moment in time. It wasn’t…
Fed Commentary, November 2018
The modern era of experimental monetary policy intervention took another bizarre turn Wednesday at The Economic Club of New York. In a speech, Chairman Jerome Powell said three things which…
The Most Important Economic Statistic Today
At the Risk of Boring You … Nominal Gross Domestic Product (GDP) = Monetary Base x Velocity of Money There is a large, clear cylinder-shaped chamber … you step in. …
Ask Me How I’m Feeling
The job of the investment advisor, in part, is to filter all the daily financial noise down to the most salient, most valuable predictive data. After all, we are entrusted…
Question Everything, Change Nothing
As an investment manager charged with shepherding a client’s assets through thick and thin, we think it’s important to continuously stress test our investment approach. Should we begin to incorporate…