Investors often live in a state of denial. In the good times, we’ve seen investors reject the notion that the party will ever end. In the bad times, we’ve seen…
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Posted in Global Economy
Tagged debt ceiling, European Central Bank, fiscal cliff, U.S. economy
As we head into 2013, I have a sense of déjà vu. It’s as if we’re back in the late 1970s or early 1980s: Many investors are fearful about the…
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Posted in Investing
Tagged bonds, emerging markets, equities, fiscal cliff, fixed income, investing
Major government policy processes, including the ongoing debate over the nation’s finances, resemble icebergs. The things we see on the surface—the congenial handshakes, hard-edged rhetoric and leaks to favored journalists—mask…
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Posted in U.S. Policy & Politics
Tagged Fed, fiscal cliff, fiscal policy, taxes
The key issue for the markets in the near term is economic policy, not tax policy. Tax policy is important in the long run for issues such as savings rate,…
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Posted in U.S. Policy & Politics
Tagged Bernanke, Fed, fiscal cliff
Any bid for the Presidency of the United States, from the tight race to the outcome, will surely affect both the U.S. economy and the capital markets at large. The…
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Posted in U.S. Policy & Politics
Tagged budget, Election2012, fiscal cliff, fiscal policy, taxes