Monthly Archives: July 2017
Views from a Top of the Skyscraper Index
On a warm Friday Los Angeles morning in spring of 2016, we found ourselves standing at the busy corner of Wilshire Boulevard and South Figueroa Street. We were walking back to our office following a client wire brushing for events … Continue reading
Congress’s Radical Plan to End Illegal Money
One of the many downfalls of being the United States Secretary of the Treasury is the requirement to place one’s autograph on the face of the Federal Reserve’s legal tender notes. There, on public display, is an overt record of … Continue reading
Adventures in Quantitative Tightening
All remaining doubts concerning the place the U.S. economy, and its tangled web of international credits and debts, is headed were clarified this week. On Monday, Mark Yusko, CIO of Morgan Creek Capital Management, told CNBC that: “…we’re flowing toward … Continue reading
Tales from the FOMC Underground
Many of today’s economic troubles are due to a fantastic guess. That the wealth effect of inflated asset prices would stimulate demand in the economy. The premise, as we understand it, was that as stock portfolios bubbled up investors would … Continue reading
