Many people today believe that the creation of money “out of thin air” by central banks is one of the primary causes of
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Tag: Inflation
Inflation, Asset Prices, and the Policy Mechanism, Explained
To the casual observer it may seem absurd to suggest that the recent run-up in both inflation and asset prices is primarily a
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A ‘Total Risk’ Portfolio Framework
Because investing is ultimately the practice of making reasonable tradeoffs between risk and return, having an accurate measure of both is a critical
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In Defense of Cash
Most investors intuitively recognize the benefit of purchasing distressed assets “on-sale” when markets periodically correct, yet very few actually hold the cash required
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How the Bank of Canada Creates Money
ABSTRACT This paper provides a general understanding of the process by which the Bank of Canada (BoC) creates money through large scale asset
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