Q2 2022​ Commentary: Pouring Gas on the Fire….

The Bankers is a brilliant book, written by Martin Mayer, about monetary policy and the interplay between policy and its real-world effect. In that book, Mayer explores inflation and how central bankers have tried to tame or stimulate it through time. Setting the discussion for inflation Mayer describes the impact that inflation has on a society thusly…

Q4 2021​ Commentary: A Rocky Road Ahead

The markets are an interesting psychological experiment. Everyday there’s a push and pull between sentiment and objective fact. The market is what we refer to as a “forward-looking” mechanism, meaning that it considers all the data we have today and anticipates / extrapolates what will happen. This is done by either bidding up (buying) the price of investments (stocks, bonds) or discounting the price (selling)…