Practical analysis for investment professionals

central banks


Private Equity: Five Lessons from the Global Financial Crisis

If a recession comes, how can the lessons of the global financial crisis (GFC) inform private equity practitioners?

The FX Swap Market: Growing in the Shadows

The foreign exchange (FX) swap market ought to be both transparent and well regulated. It is neither.

Will They, or Won’t They? The Risk of Betting on the Fed

Recent market volatility has been driven by speculation about what the Fed will do next.

Have Central Bank Interventions Repriced Corporate Credit? Part 1

Have the Fed's and ECB's purchases of corporate bonds permanently altered the pricing of corporate credit risk?

FTX: Crypto Is the Cure, Not the Cause

The FTX fiasco has more to do with fractional reserve banking than it does with crypto.

Strong or Volcker? The Fed and Global Financial Stability

The impact of Fed policy on the global financial system is yet another feature of the COVID-19 pandemic that caught investors off guard.

Powell Prescribes More Economic Pain: Three Financial History Lessons Support His Diagnosis

“The first lesson is that central banks can and should take responsibility for delivering low and stable inflation,”

Demand Destruction? Two Reasons to Be Skeptical

Demand destruction does not guarantee disinflation.



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