The Fed and the Value of the Dollar & Risk Assets
It is the national policy for virtually every centrally planned economy on the planet (which is all of them) to devalue the currency. Economic central planners use currency as a tool…
We Have No Interest
In a free market system, prices are determined by supply and demand. Such a system is self-correcting. If the demand for an item is increasing over time the price of…
Fed Week | What’s Next for Bonds and Rates
The Federal Reserve Board is having their policy meeting this week. Investors and prognosticators are keeping a sharp eye on this meeting as this is the first meeting where Jerome…
Bonds are Dead, Long Live Bonds
One the macro front, we talk about bonds quite a bit, even though most of our followers are interested in equities and options. We give bonds a good bit of…