Excess Cash in the Financial System
Good morning and happy Tuesday! We hope everyone had a fun/relaxing/safe Independence Day weekend. The past year has been unique for the U.S. financial system. As investors, we are inundated with capital market news including daily developments on equities, fixed income, and more recently, “meme” stocks and crypto assets. But we never hear much about […]
The Roth IRA Saga
Good morning and happy Friday! The recent frenzy regarding Roth IRA’s has been centered around Peter Thiel and his purchase of nearly 2 million shares of PayPal in 1999. Yes, his initial $2,000 investment turned into $5,000,000,000.00 (billion). What is unclear is whether or not Thiel bought the shares below market value, which could potentially […]
