I had two sharply contrasting conversations on the floor of the New York Stock Exchange late last week, but they both underscored the same point: good things often come to…
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Posted in Investing
Tagged Europe debt crisis, fiscal policy, investment portfolio, investors, monetary policy, stock market, U.S. budget
A friend recently introduced me to the term “polypharmacy,” which simply means “many drugs.” We’d been discussing the fine health and vigor that his mother still enjoys at the age…
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Posted in U.S. Policy & Politics
Tagged Central Bank, Economy, Fed, Federal Reserve, fiscal policy, inflation, interest rates, monetary policy
This morning I flew back to New York from a series of client meetings in New Orleans via Newark Liberty Airport, and my flight was on time—actually a little early….
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Posted in U.S. Policy & Politics
Tagged economic recovery, education, emerging markets, Europe debt crisis, industry, infrastructure, labor, state funding, taxes
Everyone remembers where they were when the attacks of September 11, 2001 happened. I was at a conference in Montreal, watching CNN in horror as the Twin Towers collapsed, taking…
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Posted in U.S. Policy & Politics
Tagged budget surplus, debt, deficit, emerging markets, European sovereign debt crisis, fiscal policy, investors, Treasury, U.S. Treasury, yields
The specter of Hurricane Katrina haunted government officials along the eastern seaboard. Wide-ranging precautionary measures were put in place but in the end Hurricane Irene simply didn’t pack that large…
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Posted in Global Economy
Tagged bonds, debt, European Central Bank, Eurozone, financial crisis, Greece, investors, Italy, Spain