As we discuss the probability of a recession here in Fall 2023, we are reminded of the white paper we wrote in Fall 2021 – “Inflation – Yes or No?” Then, most observers, especially the Fed, were arguing that Read More
In 1Q 2022, we wrote a white paper (“Accepting Average”) where we argued that traditional assets (stocks and bonds) would likely have subpar returns. With stocks and bonds down noticeably since then Read More
Global financial assets experienced near record volatility in a generally hostile environment for investors given that the Fed and other central banks left themselves exposed to a rise in inflation Read More
