How easy has money been?

A brief follow up to my previous post on inflation, commodities and the Chicago Fed’s research on this link. The aim of their work was not to model the Fed Fund Rate, but they did build a model to assess this as part of their research. (They needed to confirm whether the non-response of core […]

The Alpha and Inflation of Commodities

Commodity prices rise and the world screams hyperinflation. Elsewhere, alternative investment managers espouse the virtues of commodities as an asset class that generates “alpha” returns (i.e. returns not related to the overall direction of markets). The thing is, it’s hard to have it both ways. ┬áThe link between unexpected/expected inflation and equity prices in the […]