What Might the Next US Recession Look Like? It is naturally intuitive to look for historical parallels in economies and financial markets when seeking…
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Three Scenarios After more than twenty-five years of central bank support for financial markets, in times of even moderate distress, debate currently…
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Three Scenarios After more than twenty-five years of central bank support for financial markets, in times of even moderate distress, debate currently…
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Thanks for reading GrahamsBenjamins Newsletter! Subscribe for free to receive new posts and support my work. When Prices Change, but Relativities Do Not…
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A Classic is Always a Classic “In my nearly 50 years of experience in Wall Street I’ve found that I know less and less about what the stock market is…
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A Pivotal Problem for Central Banks We have commented in previous notes about the understated importance of the trend in bond yields in the post-2008…
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Rationality “Being rational is a moral imperative. You should never be stupider than you need to be.” Charlie Munger It is relatively easy to describe…
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The Line of Best Fit Like any analysis, regression analysis has strengths and weaknesses in its predictive power. While being easy to understand and…
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Playing Investment Offense in a Defensive World For the past 25 years, the investment world has lived life under a succession of Fed Chairman “puts…
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The Problem with Bonds The bond markets of most western democracies have encountered significant inflationary headwinds in 2022 brought on by nascent…
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The Problem with Bonds The bond markets of most western democracies have encountered significant inflationary headwinds in 2022 brought on by nascent…
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Linkages and Sequences Linkage: “A factor or relationship that ties one thing to another” Sequence: “The following of one thing after another…
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