Monthly Archives: October, 2020
Inflation Targeting A Losing Strategy
At Bloomberg, Richard Cookson explains why "inflation targeting is a very stupid policy." He writes (my emphasis added in bold):
In trying to increase by...
Why Vanguard is too Big: Part II
Short-term noise is an investor’s worst enemy. As if it’s not hard enough to set an appropriate course, you have the constant barrage of...
Is Consolidation Coming to Mutual Fund Industry?
Are the activist shareholders coming for the mutual fund industry? In The Wall Street Journal, Corrie Driebusch explains that Trian Fund Management has taken...
“They Stick a Q-Tip So Far Up Your Nose, You Can See it Through Your Eye”
“They stick a Q-tip up your nose so far, you can see it through your eye,” I thought, as a friend described what it...
Why Ultra-Low Interest Rates are Bad for You, the Economy, and Inflation
If the Fed sticks to its forecast of leaving interest rates at zero for another three years, the U.S. economy will have gone through...