What’s The Worst Case Scenario for Diversified Portfolios?

Diversification can make you feel like you’re running uphill with a weighted vest on during a bull market. It’s only during a bear market that you realize its importance as a form of risk management. A 50/50 portfolio of the S&P 500 and Barclays Aggregate Bond Index is down 3.9% or so this year compared…

Do We Need to Worry About Government Debt?

At the end of March, the federal government passed the $2.2 trillion CARES Act to provide financial relief to millions of Americans and a number of businesses to help see them through the crisis. This week they just tacked on an additional $484 billion. That’s around 10% of annual economic output in the U.S. This…

Animal Spirits: The Second Wave

Show number 3 this week. Thank you for sticking with us. We discuss: Will we get inflation or deflation from this crisis? When will you feel safe to fly again? How about a restaurant? Why life is going to be weird for a while The economy is going to be operating at partial capacity for…