Brian Romanchuk's commentary and books on bond market economics.
Latest Book - SFC Models/Python
SFC & MMT
Sunday, May 27, 2018
Initial Comments On Roger Farmer's Macro Models
Professor Roger E. Farmer has been developing a macro theory that is built around the notion of animal spirits. ( This article on the Philli...
Friday, May 25, 2018
Euro Crisis (Again)
Spreads are widening again the euro periphery. It is clear that things could go horribly wrong in the euro area, and so one needs to take ...
Wednesday, May 23, 2018
On The "Everyone Cannot Run Trades Deficits" Argument
Steve Keen has posted " Some Preliminary Questions for MMT ," in which he questions the Modern Monetary Theory (MMT) mantra that...
Sunday, May 20, 2018
Principles Of Canadian Municipal Finance (And Why A Land Value Tax Is Inferior)
The funding of Canadian municipal governments is not normally thought of as interesting topic; even Canadian fixed income investors are no...
Wednesday, May 16, 2018
Canadian Housing And Perpetual Motion
Canadian policymakers have blundered into a perpetual motion machine, which is more commonly referred to as the housing market. By unde...
Sunday, May 13, 2018
Housing Bubbles And Their Financing
Housing finance is interesting, and offers an interesting take on some theoretical issues. Although the theoretical issues sound abstract,...
Wednesday, May 9, 2018
Business Sector Is The Main Source Of Modelling Uncertainty
From the perspective of those who work or are interested in finance, it seems obvious that business decisions are a major driver of the bu...
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