Freedom of expression is a wonderful thing. I felt that when I founded Exante Data in 2016, after working for years under the strict compliance regime of the sell-side. It was a great feeling to have a space to express a view freely and without restrictions.

But not all restrictions were gone. While I had escaped big corporate bureaucracy, it was still necessary to restrict access to our analysis, since we run a commercial business and have to prioritize our clients. Hence, mostly all our analytical content has been behind a paywall, although we have made some exceptions this year, especially around COVID analytics on twitter @ExanteData.

We have been thinking a lot about how to strike a better balance between bringing some analysis to a broader audience, while keeping our investment strategy appropriately restricted. Today we are launching a public blog for that purpose: 

Money: Inside and Out is an attempt to again break free; deliver views and analysis on topics we care deeply about, without holding back, to everybody. There are huge unresolved debates about the role of money for financial markets and the economy.

• Will money printing ever generate inflation?

• Do fiscal deficits matter for the economy?

• Is the dollar a function of Fed policy?

We do not want to define the area of focus too narrowly. A lot of the core issues are closely linked: Money. Monetary and Fiscal Policy. Capital Flows. Asset Prices. Balance of Payments. And we want to have freedom to cover them all, on our terms.

The goal of Money: Inside and Out is to touch on these topics, drawing on the body of analytical work we have created already at Exante Data, and leveraging the data infrastructure we have built for clients on exantedata.com.

We hope to reach a wide audience, including financial market participants as well as the much bigger group of people who simply have an interest in the area of financial and monetary economics (academics, students, private investors, etc.)

You can sign up here:

We will attempt to go deep, and use the best data and insights from research institutions, while keeping the presentation succinct.  We think there is a gap to fill, going deeper than most traditional media is able to, while being more timely and market relevant than academic writers are typically able to. We have posted three pieces so far (with more up the sleeve):

The big myth about money and inflation

Money velocity in the United States

Could there be a Eurosystem Liquidity Crisis (Part I)

The authors will be members of the Exante Data team, including Chris Marsh (aka @generaltheorist) and Alex Etra, and we may invite guest authors, when appropriate (let us know if you have ideas…).

For now, we will keep the Substack free. But we may move to a paid model over time, to cover costs, and based on the feedback we get in the initial period. Time will tell.

We look forward to the debate

Jens Nordvig
Founder & CEO
Exante Data Inc.