BLOG POSTS
Money Supply and Race Horses
Overall U.S. money supply (M2) remains high. We look at the money supply, historical runs of high inflation, and assets that have generally done well in those environments.
Yield Curve. 9 Months After Inversion
The yield curve is inverted and has been since July of last year. What’s a yield curve, and why are we talking about interest rates again? While not a science, some past recessions have occurred around 20 months after an inversion.
Replay of Market Update - April 2023
A recording of our Market Update webinar; we discuss markets, inflation, and more. The full-length and shortened recap video recordings are available here.
Cause and Effect
Unknowable cause-and-effect relationships are the norm in markets, especially in the short term. At Vector, we plan for complexity and realize that not every effect has a singular cause.
Black Swan
The observation of a single occurrence invalidates previous notions of impossibility. When it comes to thinking about your financial life we believe it is important to consider a variety of dimensions.
The Separation Principle
The separation principle is the idea that monetary policy and lender-of-last-resort functions should be carried out independently. The separation of functions is intended to prevent conflicts of interest. (video)