Michael Lebowitz

The absolute performance of a pair of stocks, sectors, or factors can be deceiving. The relative performance of the same two securities can vastly differ from their absolute performance. We will use...

Fractional Reserve banking allows for economic growth but does have its risks. Heightened surveillance and traceability of CBDC are highly concerning. But, CBDC gives the Fed even more power. The...

The Fed seriously erred in 2021, focusing too much on supply and not enough on demand. The Fed can slow velocity but requires job losses and/or eroding consumer confidence. Forecasting the money...

Today an investor can earn a 4%+ return with zero risk. For the last 15 years, such would be called a pipe dream. Today it’s reality. Consequently, investors face a risk-free rate not far from...

Bank stocks have underperformed conservative sectors and the broader S&P 500. Banks typically only have an approximate 10% equity cushion supporting their assets. Such leverage creates bankruptcy...

The dollar will be extremely hard to replace for four reasons: The rule of law, liquid financial markets, and economic and military might. 60% of global currency reserves are in dollars, and about...

Headlines like the ones below lead some to believe that the U.S. dollar’s death may be coming soon.China, Brazil Strike Deal to Ditch Dollar for Trade- Barron’s 3/2023 China Completes...

Two hundred and sixty Fed meetings will occur between the issuing and maturing of a United States 30-Year Treasury bond. There will be 260 times when the Fed raises, lowers, or does nothing with Fed...

An old saying cautions one to be careful of what one wishes for. Stock investors wishing for the Federal Reserve to pivot may want to rethink their logic and review the charts. The second largest U.S....

With Silicon Valley Bank and Credit Suisse (SIX:CSGN) defunct, the Fed must restore confidence in the financial sector. The historical treatment for financial instability has been lower interest rates...