Is Inflation Dead?

Is Inflation Dead? Is this cover of Bloomberg Businessweek a contrarian indicator? Remember that dinosaurs evolved into birds over 50 million years. Do you think we will have to wait 50 million years for inflation to…

Leveraged loans pose risks as corporate debt increases

Leveraged loans pose risks as corporate debt increases A leveraged loan is debt issued by a company that has below investment grade credit ratings and a considerable amount of debt with high interest rates. In…

Real Three-month Yield vs. Recessions

Real Three-month Yield vs. Recessions Historically prior to every recession, the three-month yield exceeded inflation by almost 200 basis points since 1960. Today, the real three-month yield (adjusted for inflation) is just above zero. If…