Government policy matters.

We believe that policy determines the price of all global asset classes. Investors must understand and be able to navigate changes in global monetary, fiscal and regulatory policies to effectively build wealth.  Using government economic policy as the investment lens allows one to simplify a universe complicated by the media and investment industry.  

There are
global stocks
followed by
hedge funds

Unfortunately, most of what you read in the “news” is wrong with respect to how real markets respond to the changing political and economic landscapes. The RTW newsletter provides a deeper look into what is really happening and how that affects financial markets. Our goal is to change how you see the world in order to put you in a more powerful position to take the appropriate asset allocation actions.

Each week we provide insights on current political, economic and investment themes. We reveal the policy truth behind the headlines.  We alert readers to the asset class impacts on their investment portfolios through our “Allocator” and “Policy Map” sections where we detail which asset classes and sectors are helped and hurt by the economic policy environment.

RTW combines government economic policy insights with actionable investment ideas. Whether you are investing your own money, overseeing your advisors’ actions or are, yourself, a professional advisor helping clients navigate markets, RTW will enhance your ability to see the economic policy reality and take more effective actions. We have attractively priced the newsletter at $995/year so everyone can access institutional quality, policy led investment thinking.


  • RTW shares a remarkable understanding of the way the world works and the connection between economic policy, the economy and financial markets. I have known Russell since 1971 and consider him a great friend.”Art Laffer, founder of Supply-Side economics
  • “RTW combines a fine sense of markets with an ability to ‘see’ which policy changes really matter.” Jake Garn, former US Senator from Utah, NASA Astronaut, Brigadier General Utah National Guard
  • To use their term, RTW is the “Just One Thing” that can make a difference between successful portfolio management and mediocrity and, more importantly, between comfort and anxiety. Through a unique and uncanny ability to filter the incessant noise of headlines and distill complex situations to arrive at logical conclusions, RTW helps readers understand what is most likely to change at the margin and how that change will impact longer term trends.Paul McWilliams, renowned technology investor and founder of the Nextinning Technology Newsletter
  • RTW cuts through the noise and onslaught of information to focus you on the developments – economic, political and social – that are “on the margin.” To do so, Russell and James provide a rigorous and coherent intellectual framework that is consistent with human nature. The consequence is impactful incite instead of complex explanation, and the opportunity to learn even as you are being informed. Russell and James bring to their analyses and their “no-excuses” experience as a professional investment team with an emphasis on anticipating the direction of the economy and financial markets. The cumulative benefits of reading their clear thinking about the world are applicable to anyone in business or investments, or who simply enjoys a better understanding of the worldCharles Kadlec, Founder, Community of Liberty; columnist,
  • RTW provides a unique and invaluable window into the world of economics and the factors governing the exchange of goods and services. The breadth of perspective of its authors provide an integrated view which includes not just financial and economic facts and factors, but also political, social, cultural, demographic and psychological assertions and assessments that show up ultimately on balance sheets. Moreover its authors have the depth of understanding that allows them to ‘read’ these factors as background forces that gather force and allow anticipatory perspective. This is crucial in our rapidly changing world.Dr. Matthew Budd, MD