WORLD DOLLAR LIQUIDITY
“Thanks to this system it takes only seconds to transmit money – and money trouble – between the U.S. and Europe”. Milton Friedman in his...
Printing Yuan for Oil and Hegemonic Demise
In his recently published book entitled, The Mr. X Interviews: Worldviews From A Fictional U.S. Sovereign Creditor, author Luke Gromen...
AFTER 70 YEARS DO U.S. DEFICITS MATTER AGAIN? OR IS IT WORSE?
Introduction and Background In 1944 forty-four nations gathered in Bretton Woods, New Hampshire to deliberate the new global monetary...
Book Review: Elastic By Leonard Mlodinow
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...
Modern Monetary Theory: Part 3
In my previous post I laid out the main, structural tenets of modern monetary theory without passing judgment or critique. In this, and...
Modern Monetary Theory: Part 2
“We’re not describing any new economic policy. We’re describing reality, the way the U.S. government actually spends.” L. Randall Wray,...
Modern Monetary Theory: Part 1
Since rising inflation in the 1070's Fed independence has weakened. Now its under full assault from a Republican President and Democrat
An Inverted Yield Curve: What's It Mean?
As early as December 2017, market analysts began commenting on the U.S. Treasury yield curve’s flatter nature throughout 2017. By the...
Scenario Planning and Real Estate Decision Making
What is Scenario Planning Scenario planning is a collaborative, strategic-thinking process used to make long-term flexible plans. The...
Refinancing Maturing CMBS Loans
Between now and 2018 more than $700MM of CRE loans will mature, including more than $205MM originated by CMBS conduit lenders. At its...
