Economics

MMT

Modern Monetary Theory (“MMT”) has become increasingly popular over the past several years. I recently listened to Stephanie Kelton’s The Deficit Myth to learn more about the rationale for MMT. Modern Monetary Theory claims that currency issuers (e.g., United States, Japan, Eurozone, etc…) don’t have to operate under the same restrictions as households operate. Households are required …

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Investing

Bubbly Peaks

After a remarkable run like we’ve experienced over the past two-and-a-half months, it’s natural to wonder if the good times will continue or if something more ominous is on the horizon. The end of 2020 greatly rewarded risk-takers in the stock market and may have even emboldened some to move out further on the risk …

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Investing

Divergence?

Over the past few months, we’ve observed a broadening of positive performance across all stocks contrary to what we experienced over the past several years where a few large cap stocks had largely driven stock index performance. Broader participation among stocks in market gains is generally considered a healthier dynamic than the alternative. From a …

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