December 17, 2019

“Thanks to this system it takes only seconds to transmit money – and money trouble – between the U.S. and Europe”.

Milton Friedman in his 1969 whitepaper entitled “The Euro-Dollar Market: Some First Principles

Since 2008 the global monetary system has experienced moments...

November 24, 2019

In his recently published book entitled, The Mr. X Interviews: Worldviews From A Fictional U.S. Sovereign Creditor, author Luke Gromen outlines global efforts by key emerging market countries to end the reign of the U.S. dollar as the world’s reserve currency.  Althoug...

October 9, 2019

Introduction and Background

In 1944 forty-four nations gathered in Bretton Woods, New Hampshire to deliberate the new global monetary system at the conclusion of World War II.  Although superior ideas were proposed the United States' idea of using the gold-backed U.S. d...

August 5, 2019

Does it seem to you the world is becoming an increasingly more difficult place to understand and make sense of?  Is it harder to make a living today than ever before?  Do you often feel you’re in need of reinventing yourself?  Leonard Mlodinow, author of Elastic: Unloc...

August 3, 2019

In my previous post I laid out the main, structural tenets of modern monetary theory without passing judgment or critique.  In this, and subsequent posts, I will discuss the views of a few prominent economists who don’t agree with the tenets nor the application of MMT...

July 31, 2019

“We’re not describing any new economic policy.  We’re describing reality, the way the U.S. government actually spends.”

L. Randall Wray, MMT Advocate, 2019

“I don’t feel like just because we’re staring down trillion-dollar deficits we’re out of room and Congress can’t be...

July 18, 2019

Since rising inflation in the 1070's Fed independence has weakened. Now its under full assault from a Republican President and Democratic hopefuls.

March 11, 2019

As early as December 2017, market analysts began commenting on the U.S. Treasury yield curve’s flatter nature throughout 2017.  By the Summer of 2018 warnings of the impending inverted yield curve really ramped up, but with a different connotation.  Last Summer many ma...

March 7, 2016


What is Scenario Planning

Scenario planning is a collaborative, strategic-thinking process used to make long-term flexible plans.  The primary objective of scenario planning is to connect perceptions about the future to the need for making current decisions.  A key ten...

February 28, 2016


Between now and 2018 more than $700MM of CRE loans will mature, including more than $205MM originated by CMBS conduit lenders.  At its peak, near 2006-07, the CMBS lending machine accounted for nearly 30% of the entire commercial and multi-family debt sector.  Althoug...

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About the Author

Douglas M. Thompson, CFA, has been involved with the founding of multiple companies and guided the investment strategy for those entities throughout his career. He has been actively involved in the real estate industry as both a principal investor and consultant for thirty-three years.

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