Latest Posts
Cullen Roche - 03/23/2019
To The Senators of the United States of America: This letter will be a swift and thorough explanation for why voting NO on Stephen Moore should be one of the [ … ]
Cullen Roche - 03/21/2019
NB – About 10 years ago I wrote an MMT primer after first being introduced to the theory. I initially thought the theory was coherent and operationally sound, but it [ … ]
Cullen Roche - 03/17/2019
I’ve noticed a trend in some economic circles that seems to stem from the Positive Money and MMT people – this idea that government “debt” is “equity”. While the taxonomy [ … ]
Cullen Roche - 03/07/2019
I’ve been careful in my research on money not to call money a “store of value”. There’s a good reason for this which I will try to explain in this [ … ]
Cullen Roche - 03/03/2019
Warning – This is going to be another nerdy one. I apologize in advance.
Cullen Roche - 03/01/2019
Modern Monetary Theory, aka MMT, has hit the mainstream and some Liberal politicians like AOC are giving it full-throated endorsements. I need to stop playing Mr. Politically Correct with this [ … ]
Cullen Roche - 02/24/2019
The 2018 Berkshire Hathaway letter to shareholders is 14 pages of the usual goodness, but I wanted to skip right to the end and all the best stuff. Over pages [ … ]
Cullen Roche - 02/17/2019
Discussions on interest rates tend to fall into two camps – the state based view and the market based view. The state based view says that the government can always [ … ]
Cullen Roche - 02/08/2019
Update – Apparently the FAQ mentioned in this piece was said to be “Conservative propaganda” before later being correctly referred to as a mistake by the AOC camp. This does [ … ]
Most Popular Posts
Cullen Roche - 03/26/2018
I was reading this article in the NY Times about a wide ranging diet study. They performed a meticulously controlled test to study what type of diet works best. Their [ … ]
Cullen Roche - 08/20/2017
The WSJ was out with a piece discussing outflows from DoubleLine’s Total Return Bond fund this week. One of the reasons for the outflows was cited as the lack of [ … ]
Cullen Roche - 09/16/2016
Bonds have always struck me as fairly simple instruments. In general, you know what a (high quality) bond’s return will be and you know what its time horizon is. That [ … ]
Cullen Roche - 03/24/2016
If I had to pinpoint the biggest problem for most asset allocators I would probably say short-termism. Short-termism is the tendency to judge financial markets in periods that are so short [ … ]
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