Don’t Tomahawk Yourself Just to Own a Home
A house is a terrible investment. But for a lot of people, it’s the best investment. Q2 2021 hedge fund letters, conferences and more Let's unpack that… Unless you buy a new... Read More
I Grew Up In This Tiny House That Just Sold For $430k
“$430,000 for THAT?” Q2 2021 hedge fund letters, conferences and more My colleague nearly spat coffee on his laptop when I showed him the house my mom just sold. It’s the white... Read More
The “Long COVID” Economy
According to some analysts, higher inflation is on its way. Americans will spend like crazy and drive prices higher as the pandemic recedes. That’s the theory. It may be right, for... Read More
Three Investment Lessons for My Son
My wife and I recently welcomed our first son into the world. We named him Rí (ree), which means “king” in Irish. He’s doing great, settling into home life... Read More
Vaccines and Inflation Risk
New guidance from the Centers for Disease Control and Prevention guidance says the 43% of Americans who are fully vaccinated can safely stop masking most of the time. Q1 2021... Read More
Demand-Driven Price Hikes Are Underway
James Bianco, president of Bianco Research, thinks most of the near-term inflation he foresees will be demand-driven. The fact that a lot of people have a lot of spending... Read More
Here’s Why This Historic Housing Boom Can Continue
Over the past few weeks, I’ve been getting the same question. And it’s an extremely important one. Q1 2021 hedge fund letters, conferences and more US housing prices are rising at the fastest... Read More
Feel the Inflationary Heartbeat
Not all inflation is created equal. Peter Boockvar, CIO at Bleakley Advisory Group, has his finger on the economy’s pulse. And for the last year or so, he’s felt... Read More
The Labor Shortage May Be Permanent
According to some business owners and Wall Street pundits, US employers can’t hire enough people because unemployment benefits are too high. We’re paying people not to work, they say. Q1... Read More
Have Enough Cash to Say “____ You” Start Building Your “____ You” Fund
Want to live a stress-free financial life? One of my favorite movies has a 60-second lesson on how to do just that. Q1 2021 hedge fund letters, conferences and more nattanan23... Read More
How the Pandemic Is Changing the Labor Market
When it comes to the US jobs situation, the “One of these things is not like the others” song from Sesame Street comes to mind. Q1 2021 hedge fund letters, conferences and... Read More
Vaccine Boom and Bust
By the numbers, the US looks much better than it did than a few months ago. Jobless claims dropped to their lowest levels of the pandemic; COVID-19 vaccine shots... Read More
Vaccine Passports: Just the Ticket or a Ticket to Nowhere?
Disasters, wars, and pandemics should be times in which everyone works together against the common threat. We’re all in the same boat, so to speak. Q1 2021 hedge fund letters,... Read More
Nuked Jobs Market
U.S. employers created 379,000 new jobs in February. This news generated much celebration and, for those who fear inflation, some worry. Q4 2020 hedge fund letters, conferences and more Keep in... Read More
We Need Infrastructure Spending to Avoid Another Texas-Sized Mess
I just talked with one of the most successful hedge fund managers in the country (in terms of returns over the last four years). He will not allow me... Read More
The Case Against Inflation
For inflation to be a near-term threat, five things would have to happen this year: Q4 2020 hedge fund letters, conferences and more Vaccines and other measures bring the pandemic... Read More
The Case for Inflation
Former Treasury Secretary Larry Summers recently pointed out that overstimulation risk will far exceed the “output gap” shown in the latest Congressional Budget Office economic projections. Q4 2020 hedge fund... Read More
We’re All Keynesians Now
Among the many strange, unforeseen changes of the last year is a new respect for Keynesian economic theory. Q4 2020 hedge fund letters, conferences and more Practically everyone in power now... Read More
Economics Is Why Vaccination Is So Hard
When a house burns down, it affects more than just the owner, occupants, and even the neighbors. Q4 2020 hedge fund letters, conferences and more Quick, efficient firefighting is a public good.... Read More
The Gripping Hand Holds Inflation
The question people ask me most often is when the US will see inflation. Q4 2020 hedge fund letters, conferences and more Not to be a two-handed economist ("on the one/other... Read More
Will the Vaccines Be Enough to Save Us?
We all have our fantasies for post-pandemic life. Mine is to write about the economy without including an epidemiological outlook. Q4 2020 hedge fund letters, conferences and more That day will... Read More
4 Economic Challenges for 2021
This year will bring several economic challenges in the U.S.—some we may not yet foresee. But I can already identify at least four. Q4 2020 hedge fund letters, conferences and... Read More
