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In the world of interest rates, things have finally returned to normal. Short-term rates are now lower than long-term rates and that seems right. Investors should get compensated more for longer duration bonds compared to shorter duration bonds. The yield curve began to… More >>

As the U.S. economy creeps towards a round of rate cuts, I think it’s important to take a step back and look at what is going to happen to all the money on the sidelines. Right now, money markets are sitting on a record $6 trillion. 1 The allure of higher yields on… More >>

We’ve had an eventful few weeks of economic data that has led to a significant shift in interest rate policy, with the Federal Reserve Chair announcing a decisive move to lower rates. Here is a summary of what he said in his recent speech. 1 On Interest Rates: “The… More >>

The nonstop nagging question of the last couple of years has been, “When will inflation abate?” I was certainly in the transitory camp, expecting inflation to subside much earlier than it did. However – and I say this cautiously – we may finally be witnessing the… More >>