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Monthly Archives: February 2021
Higher yields and commodity prices intensify recessions
Commodity prices and inflation expectations (below since 1995) have been following government and central bank stimulus flows higher over the past six months. This is no all-clear sign for risk markets or the economy—quite the opposite. Treasury yields have moved … Continue reading
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Here’s The Thing with Alec Baldwin
I discovered this podcast a few months ago and it has filled my walks and workouts with much enjoyment since. Alec is an excellent interviewer and his guests are very thoughtful and diverse. I listen to it on Spotify, but … Continue reading
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Psychological foibles behind financial errors
Many of today’s market participants have no first-hand experience of an extended bear market that grinds asset prices lower over many months and does not recover prior highs for many years. Others have experienced an extended bear market in the … Continue reading
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