Monthly Commentaries
The Medium Is The Message | November 2021
“We become what we behold.
We shape our tools and thereafter our tools shape us.”Marshall McLuhan
My Central Bank Is Badder Than Yours | October 2021
“Two roads diverged in a yellow wood…”
Robert Frost
Fifty Words For Snow | September 2021
“There is no greater impediment to the advancement of knowledge
than the ambiguity of words.”Thomas Reid
The Free Lunch Experiment | August 2021
“Free lunches don’t come cheap.”
Charles Petzold
Inflation Conflation| July 2021
“Inflation is when you pay fifteen dollars for the ten-dollar haircut
you used to get for five dollars when you had hair.”Sam Ewing
The Bonds Must Be Crazy | June 2021
“Since becoming a central banker, I have learned to mumble with great incoherence.
If I seem unduly clear to you, you must have misunderstood what I said.”Alan Greenspan
The Best Time To Buy A Home | May 2021
“The best time to buy a home is always five years ago.”
Ray Brown
The Paradox of Experience | April 2021
“Experience is simply the name we give our mistakes.”
Oscar Wilde
The Great Rate Debate | March 2021
“The only function of economic forecasting is to make astrology look respectable.”
John Kenneth Galbraith
The Fixed Income Bucket List | February 2021
“You can’t always get what you want
But if you try sometimes, you just might find
You get what you need.”The Rolling Stones
GME GME Never Gets | January 2021
“After all is said and done, the greatest publicity agent in the wide world is the ticker.”
Jesse Livermore
Hindsight is 2020 | December 2020
“Hindsight is notably cleverer than foresight.”
Chester W. Nimitz