Investing Why Don’t More People Smoke? Posted on August 30, 2019 By Matt Another prominent figure in the world of finance has declared passive investing a bubble. Josh Brown has a good take on this here, saying that active investing is the true bubble. I don’t think you can declare a decades-long phenomenon (as both active and passive investing have achieved) a bubble, but we… Read more
Fun with TINA Posted on August 28, 2019 By Matt I’ve heard today’s investing environment described as TINA. There Is No Alternative. I don’t necessarily agree that this is the case, but the argument goes something like this: US Treasurys yield around 1.50% The rest of the world is yielding zero (or less!) US stocks yield 2% and the US… Read more
What Happened to the Recession? Posted on August 22, 2019 By Matt Last week was recession week as the brief yield curve inversion launched a thousand headlines promising economic destruction. Every newspaper had a recession headline or story above the fold. Although there were several days of decent market swings, the recession story seems to have run out of gas as people… Read more