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Cullen Roche
MMT and QEThe govt is an external entity to households in the exact same way … Read More
Cullen Roche
Asset-Backed SecuritiesA mortgage is the name for a real estate loan issued by a bank. Th … Read More
Cullen Roche
Your MMT CritiqueThe govt could buy anything with cash. It could also just give it … Read More
Capital Debt-BasedLet me get the clarity on short/long-term money-like instruments. … Read More
Cullen Roche
Assflation and Fed Derangement Sy …That’s a very hard question to answer. My view is not that there’s … Read More
Most Popular Posts
The Best Investment Strategy: DISCIPLINE

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 [ … ]

Are Individual Bonds Safer than Bond Funds?

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 [ … ]

Why I Prefer to Think of Stocks as Bonds

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 [ … ]

How to Avoid the Problem of Short-Termism

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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