We’ve seen some moderate improvement in credit indicators over the last few weeks. The TED spread has reached the low 80’s and many other indicators also continue to improve. These are still very elevated levels in historical terms, but things are definitely improving.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.