Resources
Is the Housing Market About to Turn?
Executive Summary Due to low mortgage rates and depressed inventory, the housing market is red hot. Investors have scooped up existing home [...]
Monetary Policy Is Not Expansionary
Executive Summary Since I am out of town taking a few days of R&R, I want to share an article written recently [...]
What Are Treasuries Saying?
Executive Summary Long-term interest rates, while cycling up and down over the last 35 years, have remained in a downward channel (see [...]
Are Speculators Running Out of Fuel?
Executive Summary The stock market has now become a destination for speculators. The most recent target of the market’s lure has been [...]
What Could Turn Transitory Inflation into Stagflation?
Executive Summary To understand the risk of inflation or stagflation, it is important to know how “money” is created and what is [...]
Growth, Inflation and Rates: Are They All Transitory?
Executive Summary A relatively strong correlation exists between economic growth, inflation and 10-year Treasury yields as can be seen below (first graph). [...]