Chief Investment Strategist at Alhambra Investment Partners LLC
Contributor's Links: Alhambra Investment Partners

As Head of Global Investment Research for Alhambra Investment Partners, Jeff spearheads the investment research efforts while providing close contact to Alhambra’s client base.
Jeff joined Atlantic Capital Management, Inc., in Buffalo, NY, as an intern while completing studies at ... more


EC Nearly A Trillion In Bank Reserves, Where’s The ‘Money Printing?’
The Federal Reserve does not print money. They wouldn’t know how even if they actually wanted to. The global dollar system developed without a central bank. Jay Powell doesn’t even speak its language.
It’s Hard To See Anything But Enormous Long-Term Cost
The unemployment rate wins again. In a saner era, back when what was called economic growth was actually economic growth, this primary labor ratio did a commendable job accurately indicating the relative conditions in the labor market.
The Empty Bank
The Fed’s stock of assets has swelled, of course, rising an additional $604 billion since last Wednesday; $361 billion more in UST’s, $55 billion in added MBS, even $19 billion and $40 billion from the Primary Dealer Credit Facility.
Dollar, Not Bank
The dollar goes up, bad things happen because the monetary system rules. It’s not quite the same spin on King Dollar, formerly associated with positive factors about the US system.
Banks Or (Euro)Dollars? That Is The (Only) Question
What the market is saying is incredibly simple: there’s a dollar problem out there in the world and it isn’t going away anytime soon.
China’s Back
The Washington Post began this week by noting how the US economy seems to have lost its purported zip just when it needed that vitality the most.


CMG Chipotle Mexican Grill Inc.
DB Deutsche Bank AG
GS Goldman Sachs Group Inc.
JPM JPMorgan Chase & Co.
MCD McDonald's Corporation



Latest Posts
Things You Didn’t Know Were Tax Deductions
Have you ever had that sick feeling in the pit of your stomach when you realize there was a tax deduction you could have taken and didn’t?
A Domestic Conversation
Once you realize negative yielding sovereign bonds aren’t investments, they are balance sheet tools for global banks, things start to fall into place.

Work Experience

Chief Investment Strategist
Alhambra Investment Partners, LLC.
July 2012 - Present (7 years 11 months)

Alhambra Investment Partners, founded in 2006, is a registered investment advisory company. Our founder, Joe Calhoun envisioned a company dedicated to serving individual investors with honesty, integrity and compelling expertise.

Owner, President & CIO
Atlantic Capital Management
January 2001 - Present (19 years 7 months)

Portfolio Manager & Investment Researcher


Canisius College
1992 / 1996