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Mauldin Economics, Millennium Wave Investments
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Outside The Box: Secular Stagnation?
Why have certain economies tumbled into relative decline, while others have not?
Why The Federal Reserve Should Study Algebra
We talk all the time about robots taking our jobs. Could they take the Fed’s job?
Where’s My Productivity, Dude?
One of the true conundrums in the macroeconomic world is the continuing drop in total global productivity over the last few decades, in spite of the growing use of computers, robotics, and artificial intelligence. Productivity should have gone up.
Get Ready For The Fed’s Big Mistake
America is fully employed, or so say the statistics. Federal Reserve officials think the job market is strong enough to justify higher interest rates. They’re afraid inflation will get out of control.
Investing: What, Me Worry?
Inflation remains low to nonexistent in most places, which hurts commodity prices along with companies in the energy and materials sectors. The widespread belief that inflation will stay low is keeping long-term bond yields low.
Can You Afford To Reach 100?
Given the rise in longevity and the declining dependency ratio, policy-makers must immediately consider how to foster a functioning labour market for older workers to extend working careers as much as possible.
Finding High-Quality Companies Today
Traders nowadays are having hard time finding high-quality companies at attractive valuations.
Don’t Count On Deregulation To Save The Trump Trade
Formerly bullish investors and business leaders are starting to curb their enthusiasm. Tax reform is already getting pushed back to 2018 and possibly later.
Assume The Brace Position
Stock picking has become a dying art, not helped by the fact that so-called active managers charge a lot more for their services than tracker managers do.
How To Retire On 2% Returns
If you can identify a pattern in economic cycles or market activity and have enough observations to make your observation statistically significant, it raises your odds of success.
International Inflation Cycles Sync Up
Inflation volatility has been greatly dampened in the 11 OECD (advanced) economies in the 21st century, as compared to the late 20th century: It’s now only about a quarter of what it was then.
The Great Reset: How Should We Then Invest?
The entire world is entering what I call the Great Reset, a period of enormous and unpredictable volatility in all asset classes. I believe that diversifying among asset classes will simply diversify your losses during the next global recession.
How To Drink From A Firehose
Basic economics tells us all resources are scarce, but our demand for them is not. Hence we need methods to allocate the limited supply of each resource. A significant part of economics is the study of those methods.
How Coffee Technology Is Changing Retail
The retail sector battle isn’t black and white, stores vs. online. While that’s part of it, drawing the line is getting harder.
Endogenous Risks
The VIX dipped under 10 on an intraday basis the other day. Meanwhile, short interest has reached an all-time high in VXX, the ETN that is supposed to track the VIX..
Don’t Spend Your Tax Cut Yet
There will be no tax cut this year, and likely not in 2018 either. Anyone who made investment decisions presuming lower rates will probably regret it.
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