MacroValueMonitor

Monetary History, Market Myths, Investing Legends, and Real Global Value.
Edited by Brian McAuley.

[MacroValueMonitor @MacroValuePub]

https://t.co/NenMKudB3R

[MacroValueMonitor @MacroValuePub]

@nntaleb @nntaleb Volker was indeed a hero, but another Fed Chairman of the 20th Century stands out as a greater pillar of monetary stability, and this one faced down two Presidents to do so (one of whom physically assaulted him):

https://t.co/BdYnJpElPQ

[MacroValueMonitor @MacroValuePub]

https://t.co/Q53lJdW0YP

[MacroValueMonitor @MacroValuePub]

The Macro Value Monitor: Three Centuries After Kipper und Wipperzeit, Modern Data Points Us Down a Similar Path https://t.co/ZoxpwjGmir

[MacroValueMonitor @MacroValuePub]

https://t.co/6HTijxw2cI

[MacroValueMonitor @MacroValuePub]

The Macro Value Monitor: A Year After the End of Ultra-Low Yields, a White Whale Breaches the Surface https://t.co/upa5L200uA

[MacroValueMonitor @MacroValuePub]

"His name was Ishmael. And in the tale he related, we learned how an obsession to capture an elusive prize can bring about the end of all we hold dear..."

Volume II, Issue II of The Macro Value Monitor:
https://t.co/pjB760xfYA
#monetarypolicy #inflation #interestrates

[MacroValueMonitor @MacroValuePub]

The Macro Value Monitor: The Arrival of Inflation Heralds the Dawn of a Great Partitioning https://t.co/E5ctzU8BFA

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The Macro Value Monitor: Kipper und Wipperzeit https://t.co/HQrq4Q04DR

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Volume II, Issue I, of The Macro Value Monitor relates the account of little-known events from a century before the Mississippi Bubble in France, and three centuries before the Weimar inflation in Germany in the 1920s.
https://t.co/pjB760xfYA
#inflation #FederalReserve

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The Macro Value Monitor: This Quarter Represented the Most Attractive Allocation Opportunity in Two Decades https://t.co/cDTZYgN7Wt

[MacroValueMonitor @MacroValuePub]

The Macro Value Monitor: A Punch Bowl Removed, and the Deceptively Innocuous First Year of a Long-Term Bear https://t.co/dV1fssGTuf

[MacroValueMonitor @MacroValuePub]

@TheBubbleBubble @GRomePow @TheBubbleBubble To your point:
https://t.co/LGyQLeynj3

[MacroValueMonitor @MacroValuePub]

"To go out there in a bubble and talk about badly overpriced markets and downside risks is an invitation to get fired. They simply don`t want to hear it…"
- Jeremy Grantham @GMOInsights
#stocks #bonds #valuation

[MacroValueMonitor @MacroValuePub]

@elerianm @TheEconomist @elerianm This is where cheap money took us, and how far markets may yet go after its end:

https://t.co/LGyQLeynj3

[MacroValueMonitor @MacroValuePub]

"To go out there in a bubble and talk about badly overpriced markets and downside risks is an invitation to get fired. They simply don`t want to hear it…"
- Jeremy Grantham @GMOInsights
#stocks #bonds #valuation

[MacroValueMonitor @MacroValuePub]

"What the chart below signifies, above all else, is the rebirth of active, value-anchored management. It has been a long time coming, and it appears to be just the beginning."

https://t.co/jawEmoqoUD
#stocks #bonds #Commodities

[MacroValueMonitor @MacroValuePub]

A thread response to Powell's speech today, using the Fed's own words:
#inflation #Fed

[MacroValueMonitor @MacroValuePub]

@federalreserve "Those who would seek to promote 'full employment' by creeping inflation, induced by credit policy, are trying to correct structural maladjustments, which are inevitable in a highly dynamic economy, by debasing the savings of the people..."

[MacroValueMonitor @MacroValuePub]

@federalreserve "...to be accepted in advance that repayment of long term debt will surely be in badly depreciated coin."

- Allan Sproul, President of the Federal Reserve Bank of New York, 1955

[MacroValueMonitor @MacroValuePub]

@federalreserve "...a year is a small price to pay for achieving 'full employment.' They should also explain to all of us - little, big, and just plain ordinary Americans--what becomes of our whole system of long term contracts, on which so much of our economic activity depends, if it is..."