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It’s All About That Fed

It’s All About That Fed

In mid-September the U.S. stock market shrugged off a host of geopolitical concerns to set an all-time high, a feat it has accomplished every month of this calendar year. Yet markets became jittery shortly after Fed Chair Janet Yellen confirmed the central bank’s...
The Dove and The Dissenter

The Dove and The Dissenter

Janet Yellen is slated to become the most powerful woman in the world as she assumes the Chair of the Federal Reserve in January. Investors should be familiar with her tendencies – and mindful of her colleague’s concerns. Larry Summers, August’s front-runner to...
Broke… Again

Broke… Again

Let me know if you’ve heard this story before. In May the U.S. Treasury hit the debt ceiling, a self-imposed limit supposedly designed to curtail our ongoing deficit spending. While this deficit hawk noted the event here in May, it was clear at the time that...
Bernanke’s Choice

Bernanke’s Choice

Investors evaluating traditional investments discover a rather stark alternative. In the early 16th century Thomas Hobson operated a popular livery stable in Cambridge adjacent to St. Catharine’s college. Hobson’s fleet of horses served the needs of area post boys...
“Whatever It Takes”

“Whatever It Takes”

With just a few words ECB President Mario Draghi ushered in a new era of central bank dependency. Investors should be mindful of the high expectations for this experiment in monetary policy. Lest there was any doubt, European Central Bank President Mario Draghi spoke...
We Need A Grand Bargain

We Need A Grand Bargain

It’s time to put the pledge to Grover Nordquist in the circular file, cut spending and address the nation’s liabilities in earnest. The day after the election House Speaker Boehner and President Obama held concurrent press conferences, complete with suggestions that...