While Janet Yellen and others lament the death of the Phillips Curve, the greatest inflationary episode in history continues to paint the data. To be sure, a day after Yellen suggested that subdued inflation readings [...]
In classic form, Warren Buffett took to task those that doubt America yesterday: “Whenever I hear people talk pessimistically about this country, I think they’re out of their mind”. Mr. Buffett also noted that since [...]
The Fed started hacking interest rates in 2007 and QE3 ended in October 2014. This 7-year period of extraordinary ease, and the nearly 3-year upswing since, has been a difficult time for many market contrarians [...]
In what was seemingly just another ordinary day of trading, Bitcoin Investment Trust (GBTC) lost 20% of its value yesterday. GBTC, which went public in 2015, owns Bitcoin – that’s it! For the privilege – [...]
Since 2008 there has been a widespread increase in debt around the globe, central bankers have printed and experimented with direct asset purchases like never before, and there have been many dangerous bubble-like oddities in [...]
Conventional wisdom holds that with central banks’ beginning to throw their experimental policies into reverse the strings holding the asset price boom together are slowly being cut. No disagreement here. But while the divergence between [...]