Modern Monetary Theory (MMT) In Under Two Minutes
Have you recently been hearing about Modern Monetary Theory (MMT)? It’s everywhere! And rightly so – it raises some serious and pertinent issues.
Have you recently been hearing about Modern Monetary Theory (MMT)? It’s everywhere! And rightly so – it raises some serious and pertinent issues.
In the current time money is starting to lose its meaning. A massive $3Tn spending bill has been passed by the House in addition to the trillions of dollars of stimulus that have been authorized to-date. Where is this money coming from? Does this money need to be “raised” in any sense? What are the …
How are you bearing up? We are living history here – aren’t we? It’s crazy and unprecedented. I’m sure like me you’re stuck at home and trying to work. But there have been some bright spots – my wife and daughter running a Girl Scouts meeting on Zoom! That was funny when all the girls …
Whoah! The market has been crazy – right? Not the stock market – I mean the bond market! The 10 year Treasury yield almost dipped below 1% at the time of writing and I fully expect it to go below at some point this year. Bonds are up, up, up. And I don’t mean any …
The market is crazy! No, not the stock market – bonds! Read More »
You’ve heard of sequence of returns (SOR) right? That fascinating phenomenon where in retirement you can experience good investment performance on average, but due to an unlucky sequence of those returns you go bust in retirement and end up living on cat food! SOR can be ugly. But we all know what it looks like …