Why Investors Should Care In a fiat monetary system, central bank credibility is the anchor for inflation expectations. When that credibility is weakened by political pressure, the effects are not always immediate, but they are significant for investors over time. Investors should care about Federal Reserve independence because: Key Takeaways for Investors For a deeper […]
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When Momentum Cuts Both Ways Tuesday’s gold selloff highlights a feature of markets that too many people forget: momentum works both ways. Gold has had one of its best years since it was demonetized in 1971. On the spot market—where gold is purchased for immediate delivery—prices have risen from roughly $2,600 at the beginning of
Gold’s Momentum Trade: Why Prices Are Rising — and Falling — Faster Than Ever Read More »
A Timely Book for Investors A few times a year, a book comes out that makes this middle-aged bookworm as excited as a kid on Christmas morning. October 14th, Andrew Ross Sorkin’s new book, 1929: Inside the Greatest Crash in Wall Street History – and How it Shattered a Nation, was released. I practically chased
The Lessons of 1929: Why Andrew Ross Sorkin’s New Book Matters Now Read More »
