This is a LONG and COMPLEX article regarding parallels between the meltdown of structured products like CDOs, CMOs and CLOs that led to the Great Financial Crisis in 2007-2009, and today's current private credit market. It is not for the faint of heart, or those looking for an easy read.

Better late than never, in that this article is about my views on American exceptionalism, both economically and as far as US stocks.

The decade 2010-20 involved a very hands-on approach by the Fed to steer the US economy out of a deep recession. What lessons can be learnt

Focus this past week was on four of the world's major central banks, which provided the latest glimpse into the path of monetary policy.

The bond market looks to be doing the Fed's dirty work, sending short term yields to post-pandemic highs. Is the Fed being too methodical?

The Federal Reserve released the minutes from its FOMC meeting Sept 21-22 on Wednesday afternoon. The press release is here. Should you...