Third Quarter 2017 Market Perspective

Third Quarter 2017 Market Perspective

The Federal Reserve stopped creating new money more than two years ago. Since December 2015, it has lifted the funds rate by 100 basis points from zero percent.  However, the Bank of Japan and Bank of England picked up the Fed’s slack and continued printing. Global...
Second Quarter 2017 Market Perspective

Second Quarter 2017 Market Perspective

Interest rates have been a primary tool of global central bankers in their effort to lift asset prices. Globally, interest rates bottomed over the last 12-24 months. Any continued rise will certainly get the attention of markets and policy makers. Governments (and for...