What’s the most important policy uncertainty investors face? If your time horizon is the next six months, the likely answer is how the U.S. will address the approaching fiscal cliff….
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Posted in Investing
Tagged China, fiscal policy, global investing, inflation
The Wall Street Journal reported today that the economic recovery is driving people to Treasury Inflation-Protected Securities (TIPS) (“But with economic growth comes the prospect of inflation. This is what…
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Posted in Investing
Tagged bonds, inflation, TIPS, Treasuries, U.S. Treasury
2011 was much worse for investors’ nerves than it was for many financial markets. Major U.S. stock indices, for example, ended the year pretty much where they began, but the…
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Posted in Global Economy
Tagged emerging markets, European debt crisis, inflation, investors
If you bought a 30-year Treasury on Oct. 27, 1981, you were a courageous soul. That bond, issued with a 15.20% coupon, matures at the end of this month and…
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Posted in Investing
Tagged bonds, consumer price index, Economy, equity, financial markets, inflation, investors, macroeconomics, Treasury, yields
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