On a gloomy Christmas eve one year ago the stock market had completed a 3 month correction into a panic low of more than 20%, equaling its largest decline of the past decade. After a tremendous rally in the first and a fourth quarters of 2019, the pulse of the stock market…
“This time is different” are four famous last words considered by famed fund manager John Templeton to be the most costly phrase in history for investors. Prominent economists Reinhart and Rogoff have written extensively that throughout history cycles repeat in a similar fashion with excessive debt creation for economic growth until…
In the final 4 months of 2018 there were over 40 central banks interest rate hikes from around the world despite clear global slowing throughout 2018. In the past 4 months over 40 central bank rate cuts have occurred. More rate cuts are coming, as investment markets are leading the…
US Treasury debt instruments are deemed the safest in the world with the 10 Year Treasury Note being the most popular. While safety, foreign bond rate competition and inflation expectations are among the most important factors affecting the yields of US Treasuries, Quantitative Easing (QE) is also an influence in this unique era…
Today’s economy has often been called the Goldilocks economy: it’s not too slow or fast, it’s just about right. Economic Goldilocks today is manifested by persistently low inflation, interest rates and unemployment with simultaneous strong economic and income growth. After a record setting 10 year growth phase, the US is…
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