The US Always Pays Its Debts
Fans of the HBO mega hit Game of Thrones are likely familiar with the line, “A Lannister Always Pays His Debts.” The US government has a similar reputation. Loans made to the government are considered virtually guaranteed of repayment....
Read More >
Bond Markets Are Looking More Perilous by the Day
Even though the Federal Reserve has raised interest rates twice in three months, it’s been a good time to own bonds....
Read More >
The Fed Is Behind The Curve
Senior Federal Reserve officials have commented recently on how undesirable it would be if the Donald Trump administration implemented expansionary fiscal policy right now....
Read More >
Logical Inconsistency
In our judgment, interest rates are too low, the Fed's monetary policy is overly accommodative, and this will become increasingly apparent......
Read More >
