For the opening episode of the new year we had the pleasure of speaking with Aahan Menon, founder and CEO of Prometheus Research, which seeks to democratize access to elite financial research to the general public. This great conversation covered several topics, including:

A macro framework focused on the interplay between the real and financial economies, and the business cycle
The main driving forces in markets and the economy: growth, inflation and liquidity
Key variables for measuring liquidity
Creating the condition for potential asymmetric returns
How the increase in the stock of assets facilitates other activities
The original aim of quantitative easing
The contest between the ‘Dot Plot’ and the yield curve
The signaling mechanism of price levels
The biases and shortcomings of the CPI
Cyclical vs secular inflation
How economies have evolved in the last few decades
Why inflation volatility may be asymmetric
The false diversification of the 60/40
Why increased uncertainty usually signals a turning point
Updating priors – a ‘burden of evidence’ approach
Fluctuating edges and the challenges of volatility targeting
And much more

This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc.

*ReSolve Global Inc. refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global Inc. is a registered person with the Cayman Islands Monetary Authority.

Holy Days In A Holiday World (Part II with Lee Strobel & Pastor Josh Robinson)