Author: Robert Hamill
Inflation, Fed Funds, and Economic Lags
A year after the last Fed's increases, its effects finally land and provide a final suppression to economic activity.
Fake News and Free Speech
Free speech does not cover statements if those statements cause harm. Fake News harms us. It stops the government from meeting our goals.
Hall of Fame
Isaac Newton, how did you rest-when you discovered that absolute time and place were lost?"
Bingo Disaster
Most of my year at St. Jerome’s grammar school was a pleasure, but Bingo Day in the 6th grade was an exception.
Bond Duration, Fed Rate, and Valuation Change
Longer duration 6.8 years resulted in a 12.7% loss of principal, significantly greater than the incremental gain due to interest earned (2%). A bad trade-off.
A Person Meets Society
Culture is the collection of fossilized behavioral solutions of our cultural ancestors that we have adopted. They support the continuation of society.