August 19, 2017
Money is defined by its purpose. Money acts as a unit of account (it can be counted), a medium of exchange (it is accepted in trade for goods and services), and a store of value (what it will trade for stays stable). Nothing says that money must be backed by a sovereign promise like the paper currencies we think of as “real” money today (US Dollar, British Pound, Japanese Yen and so forth).
August 11, 2017
There is an eerie quiet in the market. Domestic politics in the US continues to flail on healthcare much less being able to start tax reform and faces a possible government shutdown and a debt ceiling. Meanwhile the Federal Reserve is poised to shrink their balance sheet while inflation is subdued.
August 08, 2017
Two items that are currently occupying media headlines (aside from Trump) and benefit the U.S. consumer include The Amazon Effect and stubbornly low oil prices. While seemingly disparate topics, both are interconnected and provide strong tailwinds for the U.S. consumer in a variety of ways.