Category Archives: Bonds

Relying on the Kindness of Strangers

Significant currency brokers relied on the Swiss National Bank to keep its currency peg in place. Now some of them are insolvent, and many of their clients also. Should they be surprised? Currency pegs put into place for political reasons rarely hold up, and this has happened in Switzerland in the past. On thing I […]

Out and About with The Aleph Blog

1. Recently I appeared on RT Boom/Bust again.  The interview lasts 6+ minutes.  Erin Ade and I discussed: Who benefits from lower energy prices. The No-Lose Line for owning bonds, Whether you are compensated for inflation risks in long bonds How much an average person should invest in stocks with any assets that they have […]

Redacted Version of the December 2014 FOMC Statement

October 2014 December 2014 Comments Information received since the Federal Open Market Committee met in September suggests that economic activity is expanding at a moderate pace. Information received since the Federal Open Market Committee met in October suggests that economic activity is expanding at a moderate pace. No change. This is another overestimate by the […]

Problems in Simulating Investment Returns

Simulating hypothetical future investment returns can be important for investors trying to make decisions regarding the riskiness of various investing strategies.  The trouble is that it is difficult to do right, and I rarely see it done right.  Here are some of the trouble spots: 1) You need to get the correlations right across assets. […]

Redacted Version of the October 2014 FOMC Statement

September 2014 October 2014 Comments Information received since the Federal Open Market Committee met in July suggests that economic activity is expanding at a moderate pace. Information received since the Federal Open Market Committee met in September suggests that economic activity is expanding at a moderate pace. No change. This is another overestimate by the […]