08/13/2021

Record low CFA pass rate

Combined with the earlier released level one results, May's CFA exams had the lowest pass rates ever.

08/09/2021

The Fed is in a Hole

The resurgence of COVID cases in the US has probably stopped investors from marking government bond yields far higher.

08/02/2021

Making Sense of China

China would ultimately remain on a capitalist path where profit was omnipotent – that has clearly not been the case.

07/29/2021

The Fear Of Fear

Certainly, the recent very low yields in the US government bond market and the strength of the US dollar seem to square with this fear of fear.