S&P to Inflation Hawks: The monetary system doesn’t work that way.

Why has QE not led to the massive hyper-inflationary spike that Allan Meltzer, the Austrian economics cohort and so many other monetary hawks have been screaming about since 2009? Because that’s not how it works. A change in the way the Fed and banks handle reserves in 2008 was missed by many and has caused…

BlackRock: Three Reasons for an Equity Dividend Focus

The portfolios we run tend to skew toward dividend yield versus high growth; it’s a very defensible posture given our mandate, which is to enable people who are already wealthy to retire in comfort and safety. No one is counting on us to discover the next 10,000%-gaining hidden gem, nor do they need us to….