So, the market’s finally gotten a little interesting. It’s been a while. I feel like we’ve been sleepwalking through years of stable and steady market returns. In fact, the last [ … ]
Category: Most Recent Stories
Let’s Talk About QE and Assflation
I was on Twitter talking about how Donald Trump knows nothing about monetary policy and how Jerome Powell and the Fed should ignore him. It’s true. Trump really knows nothing [ … ]
The Counterproductive Nature of Annual Forecasts
The annual parade of Wall Street forecasts are starting to rollout. I will be honest – I love these things like a fat kid loves cake. It’s fun to try [ … ]
The Worst Narrative In Cryptocurrencies
Successful investing is often more so about how to avoid bad ideas than it is about finding the right ideas.¹ In the last year there has been no place worse [ … ]
3 Reasons to Hold Long Bonds as Short Rates Rise
As short rates rise the tendency for novice bond investors is to believe that the short end of the curve suddenly makes it irrational to hold any long-term bonds. While [ … ]
John Bogle is Wrong About Index Funds
It takes an unusually stupid person to disagree with John Bogle so I’m happy to announce that you’re reading that unusually stupid person. I’ve disagreed with Bogle on numerous occasions [ … ]
The Economics of Le’Veon Bell’s Gamble
The Le’Veon Bell drama has created some financial excitement in the NFL. For those who aren’t familiar with this situation, here’s the short version: Bell, who plays for the Pittsburgh [ … ]
Pop Quiz, Hotshot
Okay, so you all know I am all about operational reality. And although the financial markets and the economy aren’t exactly like the physical world there are certain operational and [ … ]
Three Things I Think I Think – What In the Hell is Going On Out There?
Here are some things I think I am thinking about.