TRENDS & TAIL RISKS™

A monthly publication dedicated to the principle that deeper and broader knowledge drives superior investment results

Buy Your Winter Coat in the Summer – When it’s on Sale!

POSTED ON September 2nd - POSTED IN yield curve, interest rates, liquidity, Central Banking

By Lewis Johnson - CHIEF CONCLUSION Investments that could be considered “safe” have changed over time. One key driver of this change is how our financial authorities, in particular the world’s central bankers, have[…]

The Real March Madness

By Lewis Johnson - CHIEF CONCLUSION The Fed can’t print a vaccine for coronavirus COVID-19, but it can attempt to ease market distress by reversing the spike in real interest rates that took place when the Fed allowed[…]

Next Season's Harvest

POSTED ON September 19th - POSTED IN yield curve, interest rates

By Lewis Johnson - CHIEF CONCLUSION The U.S. Federal Reserve met this week to consider its interest rate policies. The market seems to be increasingly pricing in that a too-slow Fed is falling further behind the curve,[…]

Liquidity Moves Markets

By Lewis Johnson - CHIEF CONCLUSION The Fed is at it again! Not content with its nearly successful attempt six months ago to break the financial world, the Fed is once again fiddling while interest rates burn. Today we[…]

Lewis Johnson
Chief Investment Officer

Author of Trends & Tail Risks

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