Modern Monetary Theory

As if we needed another reason to question our education system, along comes the newest group of politicians to wow us with their economic ignorance.  After causing economic chaos in France, Britain and much of Latin America our earnest and aggressive freshman congress persons are once again dusting off the ‘something for nothing’ teachings of Modern Monetary Theory (MMT).   MMT […]

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December 2018 Newsletter

By Mark Govoni   In light of recent volatility, we wanted to get our regular quarterly letter out early.  Since reaching its October peak at about 2940 the S&P has made repeated trips down to the 2600 level.  Likewise, bond rates peaked in early October at around a 3.25% only to recede in dramatic fashion to 2.85% some sixty days […]

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