There’s more to this market than just easy money. People imagine that the only reason the stock market is going up is because of extraordinary policy accommodations by the Federal…
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Posted in Investing
Tagged Fed, stock market, stocks, Treasuries, U.S. Treasury
I’ve been talking about the economy and the markets in Chicago, Jacksonville, Philadelphia and a few other cities during the first weeks of 2013, and almost every investor I’ve met…
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Posted in U.S. Policy & Politics, Uncategorized
Tagged debt, GDP, investment portfolio, Treasuries, U.S. Treasury
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
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 day after Congress passed, and the President signed, a budget deal authorizing an additional $2.4 trillion in U.S. Treasury debt, China’s Dagong Global Credit Rating Company lowered its rating…
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Posted in U.S. Policy & Politics
Tagged China, credit downgrade, credit rating, debt, debt ceiling, debt deal, deficit, equity, federal budget, fiscal policy, U.S. Treasury