Macro Minute

Macro Minute readers, I feel like I have been covering some heavy topics the last couple of months. While things like interest rates, inflation, and Federal Reserve facilities are interesting to talk about, they can distract from what to focus on. The important things to remember are to live within your means (spend less than […]

A few weeks ago I wrote about Ben Carlson’s 24 things. In it I mentioned that I would write about a few of my investing beliefs. This is a first attempt to do that. I will keep it to five and do this a few more times in future Macro Minutes. So, here are some […]

I know I have written about the concentration of the magnificent seven before a couple of times, but at quarter end I thought I would highlight it again. My Twitter feed (@wesj22) has been full of various versions of this performance comparison for about a week. When you get a concentration of a handful stocks […]

With this dramatic drawdown in fixed income, I feel like I need to talk about rates again. Many people are confused why long-term interest rates are moving higher. This is happening at a time when inflation has come down a lot and is in a more reasonable spot. It is important to remember that most […]

Hello Macro Minute readers! I have been asked about the topic of inflation. A reader sent a very thoughtful email about all different aspects of inflation, and I thought that the best way to address them would be to do a series of writings about its different aspects. Bear with me on the length of these, because […]

I came across this blog post from Ben Carlson the other day.  In it, he gives 24 things that he believes about investing.  I thought I would highlight a few of my favorites, and I may do a Macro Minute later stating some of my own investing beliefs. For the vast majority of us, our […]

Let’s talk about risk and its counterpart, luck, for a minute. When most people think of risk they rightly think about the potential of loss. We have also covered how we feel loss twice as much as gains before. Is it any surprise then that we spend most of our time avoiding risk taking?  When […]

Today I am going to cover a topic I was asked about, the Federal Reserve Overnight Reverse Repo facility (let’s just call it RRP). I am going to be breaking the ‘keep it short’ aspect of the Macro Minute because this is a topic that requires background. Before we can analyze if current developments are […]

Today, I am going to bring another thought from Morgan Housel. Years ago, he had a twitter post saying there should be a book titled, Shut Up and Wait, and every page would be this graph. While this can be a bit overly simplistic, it does have some compelling reasoning to it. What are some […]

Today I want to cover a subject that can be controversial, China. I am only going to be looking at it from an economic and investment risk perspective. I have been asked if China’s economic weakness is something to be concerned about. It definitely has gotten media coverage with back-to-back Economist covers. It is true […]