Blog Posts

In this article, we’re going to cover high-inflation investing and how to profit from inflation. First, let’s start with the basics. Cash is the worst in an inflationary environment Cash seems like the safest investment because its value doesn’t move around much. But over the long run it’s the riskiest considering where the value of […]

Inflation is the highest in the US and most parts of developed Europe in more than three decades, so everyone is seeing their existing level of wealth being eroded. Even for those seeing wealth increases, the real value of that wealth isn’t what is used to mean. Those on fixed-benefit plans and/or those who hold […]

Bitcoin and cryptocurrencies have been an amazing invention and have provided the market with a new type of asset class. But most in the bitcoin and crypto market still have a healthy fear of the risk they’re taking on if they own bitcoin or crypto in any material quantity. Everyone is aware of bitcoin’s lack […]

Policymakers can get what they want, but only to a point. In this article we’ll explain how policymakers are constrained and what it means for markets. Where policymakers are constrained Central banks can do a good job of putting more money and credit into the markets. And, when combined with fiscal policymakers, they’re effective at […]

The credit impulse has been given a lot more attention over the past several years as a potential variable to include as part of a tactical asset allocation strategy. Traders have long known that credit creation is a big factor in what determines prices. The price of anything is the amount of money and credit […]

If you have a retirement portfolio, chances are it has a lot of equity exposure. Your biggest fear probably relates to the capital losses that could occur. Unlike your house, its value isn’t marked to market each day like the stocks you own, so the latter gets a lot more attention in terms of how […]

The US can always pay its bills because it has the power to “print” money. The Federal Reserve controls money creation in the US.  So even if the US has bad finances, as it does – i.e., it spends more than it earns and has more liabilities than assets – the country can always satisfy […]

This article was first published in September 2021. The shift from the low-interest era to a higher-interest era began in late 2021, with the Bank of England delivering the first post-Covid19 rate hike among major developed economies in December 2021. In the United States, the Federal Reserve began an aggressive tightening cycle in March 2022, […]

Bitcoin is well-known for its volatility. For example, in 2021 alone it more than doubled from January through the middle of April, then fell by more than 50 percent in the next three months before bouncing about 65 percent from July to August. Then it began treading water right around the $50,000 mark.   Bitcoin […]

We are in unique times in the markets given the current limitations of where we are in the economic cycle. We are in a situation where there is limited room with traditional monetary policy tools should the economy turn down. As covered in a different article, there are three main equilibriums that markets are always […]