…think most people did, that interest rates had a ‘zero bound,’ meaning that the yield can’t go below zero, which created an asymmetric risk profile of limited upside (prices go…
…and long term rates is low. Another possibility, one that worries St. Louis Fed President James Bullard, is the Fed actually surprises markets and they respond in a ‘violent’ way….
…MSCI, the world’s most popular index creator for non-US stock indexes announced they would not be adding Chinese A-shares to their emerging markets indexes. MSCI believes there are too many…
…1952, simply titled ‘Portfolio Selection.’ While the idea is elegant and perfectly right, the problem is that we can only solve this equation with historical data or estimates for the…
…the Fed releases economic forecasts from the various FOMC members. The following chart shows their estimates for real (inflation-adjusted) GDP growth for 2015-2017 and an estimate for ‘longer run’ growth….
…that the average cost for families with more than $110,000 in income is ‘only’ $36,946. When I looked at my wife’s college, Denison University in Ohio, I found roughly the…
…The balanced portfolio still loses money (every investment does), but the losses are a lot less substantial. As you look at the data, keep in mind that we’ve isolated the…
…Fed. How are your clients reacting to negative interest rates around the world?’ The short answer from the panel was that everybody hates it, but at least it’s somewhere else….
…commodities are also all over the board with stocks and bonds. In short, investors around the world are resetting prices based on new information. While markets had wrongly anticipated the…
…a middle-class income ranges between $36,500 and $122,000. Across the United States, the range is $32,100 to $109,000. For our friends in St. Charles County, the middle-class income ranges between…
