Sorry for the radio silence recently. I went on my first vacation in two years over the Thanksgiving week. But now we’re back and getting ready for 2023. I was [ … ]
Category: Most Recent Stories
3 Lessons From the Collapse of FTX (Video)
In this video we discuss the collapse of FTX and the crypto markets and what we can learn from this bear market. This video includes: 1) Understanding volatilities relative to [ … ]
Do We Implement Portfolio Construction Completely Backwards?
I’ve had three big investing epiphanies in my investing career. The first big epiphany was that macro matters much more than micro. The direction of the river is much more [ … ]
The Triffin Dilemma and Why it Matters More Than Ever (Video)
Here’s a new Three Minute Macro video on the Triffin Dilemma and why it matters more than ever. The basic gist of the video is that the reserve currency issuer [ … ]
Three Things I Think I Think – Is This The Bottom?
1) Is the bond bottom finally in? I’ve been surprised/wrong about how fast the Fed moved this year. And while I’ve been pretty negative about virtually all asset classes all [ … ]
Three Things I Think I Think – Changing My Mind
The last few years have been jarring in numerous ways. They’ve also forced me to reconsider how I help people navigate the financial world. Here are some things I’ve recently [ … ]
Are the Bond Vigilantes Back?
Bond vigilantes reflect the idea that bond investors can attack a government debt market and dictate terms that the government wouldn’t otherwise desire. I’ve never liked this concept as I [ … ]
The Best Places to Invest Cash Right Now (Video)
In this new episode of Three Minute Macro I discuss some of the best options for investing cash right now. A lot of banks are still yieldiong 0% on deposits [ … ]
TD Interview: Inflation and Future Credit Risk
Here’s my interview with Oliver Renick and TD from yesterday. I brought my sledge hammer with me to demonstrate how Fed policy is currently operating. I also go into detail [ … ]