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Central banks and commercial banks can both create "money". Although, they are different types of money, and have different impacts on the economy...

A wonderful conversation with one of the greatest investors of all time - Howard Marks. 

The consensus believes that inflation is transitory. To be above average, the investor must bet against the consensus, correctly. This video outlines some possible reasons why the consensus bet could be wrong.

Will the high prices of homes, and other commodities become more permanent? If they do not, expect a market crash. If prices maintain, it is unlikely that incomes will keep up, though, rent will likely rise.

War is intrinsically bad for an economy. But large-scale wars seem more and more likely. So how do you position yourself during war?

Interest rates are low. So low that they cannot go much lower. This episode outlines where monetary policy and fiscal policy could be headed in the next recession. 

Undoubtedly, Technology has boosted productivity in many fields. Much unskilled labor is being replaced by technology. But will active investing also be replaced by robots computers? https://www.oaktreecapital.com/docs/default-source/memos/investing-without-people.pdf

Many today, now including the Fed, fear that inflation may not be so transitory. But today's inflation is not what should be feared. Tomorrow's monetary inflation is the real scare. I also go deeper into problems within the repo market.

The presence of zombie companies is bad enough, zombies becoming bankrupt are worse, but avoiding their demise is the ultimate mistake - which we will probably make.

401Ks, IRAs, and Social Security have many fundamental issues, but retirees have bigger worries ahead than these funds running out of money.

Janet Yellen calls for more government spending, says the federal budget hasn't increased (inflation-adjusted terms). But ironically the budget deficit is at all-time highs... And some insight on the reverse repo action.

Interest rates can only be lowered so low. But can rates be low enough to sustain the ever-increasing debt? And how low can they really go to be effective?