Author : PRAGMATIC CAPITALISM

A bit off topic here, but since it’s the weekend and this is basically all anyone in the world talks about anymore, I figured I’d...

The economy is one of the most complex systems that exists in the world. Perhaps even the most complex system. I like to think of...

One of my favorite blogs, The Monevator blog, did a brief write-up on my new paper this weekend.  If you don’t read their website you’re...

The new sales pitch for the high fee active manager goes something like this: “passive investing has gotten so large that this creates greater opportunities...

In my new paper on asset allocation I go into quite a bit of detail about why certain asset classes generate the returns they do....

With the recent market and global economic turmoil the Fed has signalled some hesitancy to raise rates this year. Fed Funds Futures were pricing in...

Josh Brown and Gavin Jackson have both written excellent pieces on the current environment and the state of the business cycle.  Josh argues that we’re...

In a recent post I said that the Fed doesn’t have a helicopter in the current environment.  That is, political and realistic constraints mean that...

“The intelligent investor is a realist who sells to optimists and buys from pessimists.”  – Ben Graham I was going to write some general thoughts...

I was intrigued by this Martin Wolf piece in the FT which discusses the need for helicopter drops to bolster the global economy.  Señor Wolf writes:...