FT Letter: Investors shouldn’t bet too much on macro forecasts

Today my letter in the Financial Times (FT) responds to Howard Marks’ “Investors must not bet too much on macro forecasts.”  Marks offers a superb road map for navigating future inflation twists and turns.

However, he misses how macro rules of nature can often be measured – helping investors and public officials better achieve their respective goals.

Monetary measurements represent simply one meaningful mapping.

To view “Inflation was inevitable after the Fed fuelled monetary growth”:
https://www.ft.com/content/2f7f1bad-ed6b-4a6a-9123-0eb024541c8a

We look forward to any comments you might have.