There has never been this much money in the world. Now is the time to own real property. Topics covered include: How to buy something with Bitcoin How cryptocurrencies are similar and different from fiat currencies What is legal tender Why there has never been this much money in the world Why central banks can control interest rates but not inflation What real property should investors own Show Notes The Power of Gold: The History of an Obsession by Peter … [Read more...]
241 Plus: February 2019 Mid Month Update, Munis and AMT, and a New DoubleLine Fund
In Plus episode 241 for the week of February 23, 2019 we provide an update on investment conditions including high yield spreads, Flash PMIs and Federal Reserve minutes. We explore under what circumstances are municipal bonds and bond funds subject to U.S. alternative minimum tax and how to determine the potential AMT exposure of a muni fund. We also look at whether investing in longer term or shorter term municipal bond funds is more compelling. Finally, a analyze the new portable alpha … [Read more...]
241: Do Budget Deficits Matter? Modern Monetary Theory Explained
Why modern monetary theory isn't worried about federal budget deficits, why budget deficits never go away and what are the risks if budget deficits get too large. We also explore what else proponents of modern monetary theory believe. Photo by Kenneth Santos In this episode you’ll learn: What are the core principles of modern monetary theory.How federal budget deficits increase private sector savings.What is crowding out as it relates to interest rates.What are the risks of running … [Read more...]
