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Peter's Blog
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MARCH MADNESS IN THE BOND MARKET
There was a little March Madness on Wall Street. In fact, the month turned into an old-fashioned blood bath. But you wouldn’t have found any carnage in
April 12, 2022
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TRANSITORY PERMANENCE
The inflation that we were emphatically told would be transitory and unmoored continues to persist and entrench. As the troubles gather momentum Washington is doing
October 19, 2021
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AMERICAN PRESTIGE LEFT STRANDED IN AFGHANISTAN
In the 50 years since Richard Nixon officially severed the dollar’s link to gold, many have claimed that the greenback’s strength rests primarily on America’s
August 27, 2021