After briefly flirting with some signs of recovery Commercial Mortgage Backed Securities and Asset Backed Securities have retrenched to their pre equity rally levels. As we’ve mentioned before, reflation is working in all the wrong places….
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.