Preparing for a Third Encore

Preparing for a Third Encore

Weak economic data has pressured global stock markets for the past four weeks. Investors are growing impatient, clamoring for Fed Chairman Ben Bernanke to unveil additional stimulus measures. At Ben Bernanke’s last press conference, reporters assumed the voice of...
2.5 is a Start, but Still Less Than 4

2.5 is a Start, but Still Less Than 4

The announcement of a last-minute agreement to raise the national debt ceiling offered relief to increasingly nervous investors. The agreement also included spending cuts, an important first step in instituting fiscal restraint. Unfortunately paltry cuts are unlikely...