Money & Politics

Money & Politics

A significant sum of US dollars has gone into global market operations since the last round of stimulus efforts began. Specifically, the M2 money stock increased to over 20 trillion US dollars from the 15.5 trillion dollars in place less than twenty four months ago....
The Non-Invisible Hand

The Non-Invisible Hand

This recent, cyclical economic upturn has caused demand for goods and services to increase much faster than supply, creating pockets of disequilibrium throughout the economy. Free and fair markets representing physical assets, products or services, labor, and even...
Change is Speculative

Change is Speculative

In little time, the temporary and deflationary change that COVID-19 brought reversed into another leg up for the business cycle and inflation. Trillions of dollars went into the economy to keep expenditures upright through the pandemic. Without the increase in money...
Looking at Rotations with an Economic Lens

Looking at Rotations with an Economic Lens

The distinction between value and growth stocks attracts a lot of attention in the intersection of asset management and research. Portfolio management decisions are usually not made without making some considerations for the two investment styles. Value stocks became...
Unpacking Inflation

Unpacking Inflation

Running large government deficits over an indefinite timeframe is generally inflationary to the economy. The purpose of federal deficits is to increase the supply of money when economic conditions are challenging. The US government has used significant deficit...