Here are some things I think I am thinking about: 1.2.3. The Great Repo “Crisis” of 2019. If you’ve opened the financial section of the newspaper in recent days then [ … ]

Vanguard released a new study showing that financial advice provides “meaningful” beneficial changes in behavior, performance and financial outcomes. They had previously published a study citing a 3% “advisor alpha”. [ … ]

I was on the Stansberry Investor Hour last week  with Dan Ferris discussing the markets and the broader macro environment. My segment starts at 29:30. Topics discussed: The general macro [ … ]

We’ve seen a number of foreign debt based crises in the last few years with both Turkey and Argentina suffering from substantial episodes of inflation related to foreign denominated debts. [ … ]

One of the most confused (and confusing) elements of endogenous money is the idea of “funding”. Endogenous money is not a new theory, but it is not well understood even [ … ]

Here are some things I think I am thinking about: 1) Is there a bubble in passive investing? Michael Burry of Big Short fame, says there’s a bubble in passive investing. [ … ]

When we talk about personal finance we often talk about paying off our debts to become financially free. But this is a fallacy of composition. While some households can pay [ … ]

Economic nerds are converging on Jackson Hole for their (our?) annual meeting and the big story of the event will be a controversial opinion by Larry Summers, which he laid [ … ]

Alright, nerds. It’s time to put on our thinking caps and fill up our pocket protectors. We’re gonna talk about inverted yield curves. First things first – What is an [ … ]