Archives for March, 2014

  1. March 31, 2014

      One of my favorite poets, T.S Elliot, wrote in his seminal poem The Dry Salvages (1941), "We had the experience and missed the meaning."[1] It's quite possible we are about to encounter a global event where we might just miss the meaning. While much of the world debates… More >>

  2. March 24, 2014

      With the Federal Reserve taking extraordinary measures since 2008 to lower interest rates, we know that rates will have to go higher eventually; it’s a question of when and how quickly? The Fed typically offers vague guidance on future interest rate policy, much like… More >>

  3. March 17, 2014

      I often try to assess whether we are in an equity bubble (unsustainable price valuations on stocks) to add perspective to the allocation work we do at Phillips & Company. This week in Barron's and during a private investment strategy meeting I attended, one of the… More >>

  4. March 10, 2014

      On Thursday, the Fed released its quarterly net worth statistics for American households and nonprofit organizations.[i] The data suggests that household net worth is now at record levels, over $10 trillion above 2008 levels, thanks to gains from stock, bond, and real… More >>

  5. March 3, 2014

      There is so much going on that a very big event, Facebook’s acquisition of WhatsApp, might get obscured by other news. Russia invaded the Crimean peninsula of Ukraine. Being a noteworthy topic, there should be plenty of punditry to inform all of us on the significance of… More >>