Democratic and Republican Government
Contrary to what the title might suggest, this article is not primarily about the two main U.S. political parties, but about what their names mean […]
Month: June 2017
Bullish Leverage
Last week I discussed the trade-off between risk and return, but also suggested the relationship is not as simple as is commonly understood. This week […]
Risk and Return
It’s commonly understood that there is a trade-off between risk and return in both personal and corporate finance. In other words, if you want higher […]
Liquidity Crunch: Panic or Squeeze?
Every economic crisis begins with a tightening of credit, but the popular label for this is a liquidity crunch, in part because economists since Keynes […]
The Stock-Bond Trade-Off
Stocks (equity) and bonds (debt) are the two major long-term financial assets that investors typically hold. It is common knowledge among investors that the prices […]