Here are some things I think I am thinking about: 1) Inflation has peaked.  Back in January I said inflation had peaked. This morning’s Core PCE data seals the deal [ … ]

Here are some things I think I am thinking about: 1) Who Owns the Fed’s Losses?  Here’s an interesting article about the Fed’s losses. Since they started raising rates late [ … ]

As a general rule I like simple indexing strategies like a 60/40 stock/bond portfolio, for the right person. It’s perfectly consistent with what I would call a “discipline based investing” [ … ]

Earlier this year I said the Fed was increasingly at risk of a policy mistake. My basic thinking on this was as follows: Excesses in the financial markets and economy [ … ]

Another hot inflation reading this morning with CPI coming in at 6% on the headline. The good news (if there is any) is that it does look like year over [ … ]

Here are some things I think I am thinking about: 1) The US Government Still isn’t Bankrupt.  Kim Dot Com, a New Zealand based technologist wrote a viral thread on [ … ]

Here’s a special Myth Busting edition of Three Minute Macro. In this video I cover the topic of reserve currencies and whether the US Dollar is losing its status as [ … ]

New video out today! In this video we cover the basics of banking and inside money. We describe how banks work and how they make loans which create deposits. We [ … ]

Here are some things I think I am thinking about: 1) Is The Bond Bear REALLY Over Now?  JP Morgan issued a bottom call in bonds yesterday. The basic thesis [ … ]