China's Emerging Peak
Reopening the global economy brings inflation pressures. the greater risk may lay with China’s real estate bubble.
Inflation: A Supply Phenomenon
Constrained Supply. The global economy is reopening, with the U.S. leading the way with its vaccine roll-out. While the Delta variant of...
Deconstructing Inflation
As the page turns to a new year and a new President, bond investors fear the return of inflation. Tight labor markets, expected fiscal...
The Cost of Capital: China, Commodities, and Credit
The cost of capital is the linchpin that directs investment to the worthiest causes in a free market; however, sometime the market is not...