In the last few weeks, I've been seeing a lot of buzz about Modern Monetary Theory aka MMT. And most of what I'm seeing is reductionist to the point of…
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Good morning everyone, I have some exciting — and also - sad news to tell you today. First, I am going to Bloomberg as a Senior Editor. And I am going…
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I've been thinking about what happened with share prices of GameStop and other companies that were bid up last week and want to give you a few thoughts…
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I have been watching the third wave make its way across Europe and reading the European press to get a sense of how bad it is. And it definitely looks…
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Let's veer into the political economy today, a sort of third rail of market and economic commentary. The reason I want to discuss it is the tax grab…
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I haven't been teeing up thought pieces on the financial system on Credit Writedowns for a while now. And that's a shame since this site's name owes to…
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Sorry for the alarmist post title. But the Fed has completely bottled it. I've been warning for some time that it could go this way. And now, we are in…
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I have a conversation scheduled for 4PM today with Real Vision CEO and Co-Founder Raoul Pal. And I wanted to use today's newsletter as a 'prep' for that…
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I am going to argue here that monetary policy is both less effective than fiscal policy, and that over-reliance on it unnecessarily politicizes monetary…
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As I write this, the US 10-year Treasury bond is yielding 1.457%, well under the trading range it had established during this quarter. And there are a…
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This is my first time posting in a week. There was a combination of factors that kept me away from the newsletter like pressing work at Real Vision and…
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Yesterday on the Real Vision Daily Briefing, my colleague Jack and I answered a question by viewer Dianna, "are there metrics you are watching closely…
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