Money Clip

Blog by Matthias Paul Kuhlmey


Matthias Paul Kuhlmey is a Managing Director & Partner at HighTower Advisors, where he serves as wealth manager to High Net Worth and Ultra-High Net Worth Individuals, Family Offices, and Institutions.

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  • Summer Charts: The Cost of Living

    Thursday, August 27, 2015

    Posted by: Mathias Paul Kuhlmey

    Judging by official inflation readings that are still at very modest levels (+0.2% YoY), rising prices appear to be a distant echo of the past—especially considering the substantial money creation that has taken place in recent years. Yet not much appears to be affordable any longer, particularly for the millions living in major metropolitan areas. The reason for this disconnect is that today’s official inflation measures may be largely understated, due to many formula reconfigurations of the consumer-price index (CPI) over the years, and also given rapid price increases in education, healthcare, and rent.

    To continue reading, please click here for the full article.

  • Summer Charts: The Debt Burden

    Friday, August 21, 2015

    Posted by: Matthias Paul Kuhlmey

    http://wealthmanagement.com/viewpoints/summer-charts-debt-burden

    “Summer Charts” is a series of current financial topics explained in dots, lines, and only a few words—just the right “mix” to concisely convey ideas for critical thinking about investing.

    Trillions of dollars created by policymakers continue to support the “healing process” of the global economy and especially the financial system. Unprecedented conditions experienced in 2008/2009 called for governments to spend their excess savings with a focus on economic stability (think Japan). Yet, as a “byproduct,” global debt has increased by $57 trillion since 2009, mainly in the form of government obligations (not even accounting for unfunded commitments, such as Medicare, Social Security, etc., in the U.S.).

    To continue reading, please click here for the full article.

  • Summer Charts: Cross-Asset Class Volatility

    Friday, August 14, 2015

    2015-08-10 Summer Chart - Volatility Chart (Final - REVISED)

    Posted By: Matthias Paul Kuhlmey

    “Summer Charts” is a series of current financial topics explained in dots, lines, and only a few words—just the right “mix” to concisely convey ideas for critical thinking about investing. 

     After equity markets dropped from the highs of the dotcom bubble in 2000/2001, and while “climbing” the post-financial crisis “wall of worry” to recent record highs, global central bankers made it their mission to provide stability to financial markets by injecting liquidity—not only during volatile periods. Alan Greenspan became one of the first known advocates for this sort of risk modification, and the so-called “Greenspan Put” has been adopted all over the globe, ever since…

    To continue reading, please click here for the full article.

     

     

  • A Balancing Act

    Thursday, August 13, 2015

    Posted By: Matthias Paul Kuhlmey

    As featured at HuffingtonPost.com

    http://www.huffingtonpost.com/matthias-paul-kuhlmey/a-balancing-act_b_7965818.html

    Ahhh, the well-deserved summer break is just around the corner; often the time for many of us to eagerly commit to “catching-up” on life, including the long overdue family visit, dedicated time with our children, and, of course, numerous postponed workouts paired with a healthy meal plan. Good luck with that, as our self-inflicted promises will likely remain empty shells—echoes of an endless list of New Year’s resolutions, which we always committed to revisit later…

    To continue reading, please click here for the full article.

  • Summer Charts: Purchasing Power

    Wednesday, August 5, 2015

    Posted by: Matthias Paul Kuhlmey

    http://wealthmanagement.com/viewpoints/summer-charts-purchasing-power

    “Summer Charts” is a series of current financial topics explained in dots, lines, and only a few words—just the right “mix” to concisely convey ideas for critical thinking about investing.

    Purchasing power is “the value of money when measured by the quality and quantity of products and services it can buy.” Philosopher Adam Smith’s definition goes further, with purchasing power providing the “ability to demand labor,” consequently “gaining power over people”—the basis for currency wars and much political conflict today.

    To continue reading, please click here for the full article.

  • Collective Wisdom

    Wednesday, August 5, 2015

    Posted by: Matthias Paul Kuhlmey

    This morning on Moneylife, Matt Harris and I discuss the risks associated with countries diminishing their purchasing power for extended periods of time and the impact of dollar strength on inflation.

    Please click here to listen to this morning’s MoneyLife Show segment.