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February 7, 2018
At the end of January, the FED, European Central Bank (ECB) and the Japan Central Bank (JCB) — combined — owned $14.3 trillion of assets. A […]
January 31, 2018
When the debt in question is the result of selling a “perpetual bond.” What is a perpetual bond, or “perp,” you ask? It is a […]
January 24, 2018
The paper spans almost 150 years and details investment returns in 16 advanced economies. Including addenda, the paper is 123 pages in length. But I have […]
January 17, 2018
Central bankers continue to be puzzled by inflation. Or, more precisely, by the lack thereof. With a global economy fully aligned and growing in sync for […]