Category Archives: Bonds

Learning from the Past, Part 3

I wish I could tell you that it was easy for me to stop making macroeconomic forecasts, once I set out to become a value investor.  It’s difficult to get rid of convictions, especially if they are simple ones, such as which way will interest rates go? In the early-to-mid ’90s, many were convinced that […]

Redacted Version of the January 2015 FOMC Statement

December 2014 January 2015 Comments Information received since the Federal Open Market Committee met in October suggests that economic activity is expanding at a moderate pace. Information received since the Federal Open Market Committee met in December suggests that economic activity has been expanding at a solid pace. Shades GDP up. This is another overestimate […]

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 […]