17 Sep 2014

ALM Insights – September 2014

ALM Insights is focused on banks and other institutions that use their portfolio to manage risk on both sides of their balance sheet. It takes an in-depth look at securities investment strategies, balance sheet and asset/liability strategies, regulatory topics and general economic information. To view this issue, click the image below. In This Issue: What if You Called The Market Perfectly? The Impact of Fed Tightening Why Aren’t Interest Rates Higher?

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2 Sep 2014

Want Value? Look Overseas at the Shiller PE

Last week, when the S&P 500 closed over the 2,000 mark for the first time, I wrote that the US large cap stocks are on the expensive side, especially if you use one of my preferred metrics, the Shiller PE ratio (a refresher on the Shiller PE ratio can be found here). Over the weekend, I received an email alert from a research firm that I respected and it ranked… Read More

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21 Apr 2014

The Truth About Global Growth

Legendary investor Peter Lynch once said that if you spend 13 minutes per year on economics, you’ve wasted 10 minutes. Although I spend more than three minutes per year looking at economic data, I do tend to look a lot less than others in the industry.  Many years ago, I saw a study that showed that the connection between gross domestic product (GDP) and stock market returns were lowly correlated,… Read More

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26 Feb 2014

Ukrainian Unrest

I’m a little embarrassed to admit that I’m not really following what’s happening in the Ukraine.  I know that the people were unhappy, they protested, the President was ousted and Russia is involved. The only story that really caught my attention was that when they raided the President’s house, they found a palace, a golf course, a private zoo and, oddly, a replica of an old ship with a restaurant. … Read More

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27 Jun 2013

ALM Insights – June 2013

ALM Insights is focused on banks and other institutions that use their portfolio to manage risk on both sides of their balance sheet. It takes an in-depth look at securities investment strategies, balance sheet and asset/liability strategies, regulatory topics and general economic information. To view this issue, click the image below. In This Issue: The Risk of Concentration Economic Update – We Want More, We Want More Unruly Interest Rates

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