Recent Posts

  1. August 7, 2017

    “I thought it would be easier.” – Donald Trump I won’t add to the barrage of voices that discuss the nuances of the Trump Presidency on a daily basis.  You can get plenty of that from almost any media outlet.  However, I think President Trump’s quote reflecting on his… More >>

  2. July 31, 2017

    According to the Bureau of Economic Analysis, the U.S. economy expanded at a respectable 2.6 percent in Q2. [i] This reverses two-quarters (2016Q4 and 2017Q1) of slowing GDP growth [i], and firmly establishes that the U.S. economy is expanding, albeit at a much slower… More >>

  3. July 24, 2017

    I’m visiting London this week, and ironically, of all things, it’s to get a “real” view on Emerging Markets (EM).  What some of you may not know is that many of the leading emerging market managers are located in this great city.  Not to digress, but I’d be foolish not… More >>

  4. July 17, 2017

    We are a couple of weeks away from the first look at how the U.S. economy performed during Q2 2017.  Generally, looking in the rearview mirror is useless for investors because we all base our investment decisions on future, rather than past cash flows. However, GDP… More >>

  5. July 10, 2017

    First of all, we hope everyone had a happy, healthy, and safe Fourth of July!  Today marks the first full trading week of the third quarter and we have a lot coming up in the weeks ahead as companies begin to report their second-quarter numbers. We would like to take this… More >>

  6. July 3, 2017

    The second quarter just closed and with it ended another pretty strong performance for equity markets. In fact, the overall market, as measured by the S&P 500 Index, is up 8.24 percent in 2017.  Since the election of Donald Trump as U.S. President, the market has… More >>

  7. June 26, 2017

    I know it’s a bit clichéd to parallel the similarities of the Federal Reserve normalizing their balance sheet to some fictitious experience of diving into the unknown (which might as well be the plot line to a cheesy low-budget thriller), but to be perfectly honest,… More >>

  8. June 19, 2017

    Last week the Federal Reserve raised interest rates by another 25 basis points.  This is the third interest rate increase in the last eighteen months. [i] The Fed uses interest rates to promote full employment and control inflation; currently, the Fed has an annual… More >>

  9. June 12, 2017

    While everyone was focused on the political circus in Washington DC last week, a little tidbit of news went largely ignored by the American public.  According to the Federal Reserve’s latest Q1 statistical release, Americans are the wealthiest that they have ever been.… More >>

  10. June 5, 2017

    A countless number of commentaries written in the past eight years have been dedicated to the threat of disinflation/deflation. But why is disinflation/deflation so essential? The short answer is that disinflation, the slowing rate at which prices are increasing, leads… More >>

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