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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“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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Unwinding the Fed’s Quantitative Easing Program The Great Experiment is unwinding. The U.S. Federal Reserve Central Bank (Fed) is beginning to reverse its Quantitative Easing (QE) program, a 2009 policy created in response to the worsening financial crisis known as the Great Recession. Since its very conception, QE was considered a controversial, unconventional, and some […]
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