Please, Speak as You Might to a Young Child, or a Golden Retriever
By Julien B. Booth
July 28, 2021
For several years I have attempted to communicate the monetary dynamics facing the financial markets – primarily Quantitative Easing/$creation and what it means.
I do not believe I have done a very good job in this regard.
The essay attached is from Harley Bassman (https://www.convexitymaven.com/biography/)
Mr. Bassman has done a masterful job simplifying the complex and has demonstrated true elegance in this writing.
It is entertaining and informative.
Julien B. Booth
Chief Investment Officer – Fixed Income & Real Assets
BRC Wealth Management
Title Credit – “Margin Call” (2011)