January 31, 2018

SHI 1.31.18: Pirates in China

When the debt in question is the result of selling a “perpetual bond.”   What is a perpetual bond, or “perp,” you ask?   It is a […]
January 24, 2018

SHI 1.24.18: The Rate of Return on Everything

The paper spans almost 150 years and details investment returns in 16 advanced economies.  Including addenda, the paper is 123 pages in length. But I have […]
January 17, 2018

SHI 1/17/18: Where is Inflation?

Central bankers continue to be puzzled by inflation.  Or, more precisely, by the lack thereof. With a global economy fully aligned and growing in sync for […]
January 10, 2018

SHI 1/10/18 The SHI10 and FED Districts

Take a look at the map above. Is this an important or meaningful fact?  Yes.  Eight times a year, the Federal Reserve produces a document called […]