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Oil, Risk, and Price Pressures before Putin/Ukraine
A reader, critiquing the argument that the expanded Russian invasion of Ukraine could not explain accelerating…
What to do if an Adani-like situation affects your mutual fund investments?
A reader says, “I get the rebalancing and how the backtests prove how it works for most market conditions. But what…
Real Median and Average Earnings, Normalized to NBER Peak
Reader JohnH provides a graph which seems to show lagging median wages. However, his graph is…
Can we use the information ratio to analyze index funds?
A member of the freefincal investor circle asks, Can we use the information ratio to analyze index funds?What is…
1 mo-Fed funds Spread vs. 3 mo-1 mo Spread
Inversion on the second, as the first rises, as likelihood of June 1 default rises.
Figure 1: 1…
Timely Data on Median Wages
A reader complains that timely data on median real wages are not available on a timely basis (as…
Substitutes Are Everywhere: The Great German Gas Debate in Retrospect
In March of 2022 a group of top economists released a paper analyzing the economic effects on Germany of a stop in…
How important is turnover ratio in choosing a mutual fund?
A reader asks, “How important is turnover ratio in choosing a mutual fund? While selecting an index fund, should…