NO RETURN TO THE 1970’s….Inflation is likely to cycle UP and DOWN over the next year. In 1980, US inflation peaked at a bit over 14%, which pushed home mortgages to 18%. Let that sink in. While you’re at it, enjoy these flashbacks from circa 1980: Studio 54 was ramping up and closing down with […]
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Is a Recession Looming Ahead? Risks and Opportunities of a Flat Yield Curve Is the treasury bond yield curve sending a dangerous signal about the economy? How have stocks historically performed in similar bond market environments? Can the Fed balance growth, inflation and maintain its independence? Should you refinance your mortgage in the present interest […]
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“You Can’t Know Where You Are Going Until You Know Where You’ve Been” ~ Maya Angelou As an institutional asset manager, I often compared quantitative investment management to driving through the rear-view mirror. The view looking backward offers clear 20/20 vision that allows investors to update their inputs and dial settings while relying on objective analysis […]
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Valuation: The First in a Three-Part Series “Price is what you pay and value is what you get.” ~ Warren Buffet “Intelligent investing is value investing – acquiring more than you are paying for.” ~ Charlie Munger (Warren Buffet’s long-time partner at Berkshire Hathaway). Let’s talk prices. To do so, we don’t need Bob Barker, […]
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