Some thoughts on the financial implications of the coronavirus plague.

Observations of narrowing stock leadership may already be obsolete.

Will last year’s record bond prices be broken?

Beware pat answers from the financial news media.

More about navigating the 2020s.

More about navigating the 2020s.

More about navigating the 2020s.

Handicapping the financial markets for the decade.

A review of current major market trends and outlook for the 2020s.

The yield curve inverts from end to end.

Has the free trade paradigm overlooked something?

Towards A New Monetary Paradigm

Why do most stocks pay dividends, and why do investors want them?

Dark omens from the bond market.

Long term trends remain stable as short term trends gyrate.

The Fed is once again sowing the seeds of crisis.

The stock market rally that began on Christmas looks endangered.

Buy stocks in 2019 at 2011 prices? It’s possible!

Britain depends on Brexit for its survival as a nation.

The Financology markets outlook for 2019 and beyond.

Financial punditry has been crying that the Fed is ignoring the markets. Financology disagrees.

Volatility during this selloff has been uncharacteristically low.

Powell stands up to pressure.

I don’t like tutti frutti ice cream. Tutti frutti ice cream is therefore a mistake.

This month’s FOMC meeting will be the most closely watched in a long time.

An update on the bear market in stocks.

There’s always a bull market somewhere!

The lower interest rates go and the longer they are there, the more the addict needs them.

Fed Chairman Jay Powell delivers stocks a hearty ho-ho-ho.

What causes deflation? Can inflation targeting prevent it?

So … are rates a long way from neutral or nearly there?

Trade is one of the few free lunches in economics.

There are some premises about the future of the markets underlying every portfolio.

Sentiment is so glum the bear leaves room for a countertrend rally.

The “real” yield you read of is probably fake.

Is the demographic crisis real? Or is it a figment of our rhetoric?

The crash in oil prices is just the latest symptom of gathering deflation.

The US dollar has been appreciating since January … in real terms.

Continued from Inflation is Not an Economic Condition.

Inflation – or its mirror image, deflation – has nothing to do with demographics, technology, economic growth or any of the other usual suspects.