Insights

 

Economic Outlook
February 16, 2010 Posted by
Ok. That was too easy.

The sovereign teeterings we are seeing these days should not be too surprising given all the government support programs put into place over the last two years. But what is really going on here?

I believe the challenge we face is more cultural than financial.
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Economic Outlook
February 09, 2010 Posted by

The nothin’ offered in the money market fund world has driven investors to seek other ways to add return. One easy way is to simply pay close attention when deploying funds into the marketplace.

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Economic Outlook
February 02, 2010 Posted by

Last week the SEC adopted new rules designed to strengthen the money market fund world (or "2a-7 world" if you want to get technical), which are targeted at increasing liquidity, credit quality and transparency. Without going into too much detail, the new rules will effectively limit investment options for these funds, including the development of a concentration of funds to be invested in the very short term.

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Economic Outlook
January 26, 2010 Posted by

A very interesting debate is developing regarding the business world (perhaps I should say the "government regulation" world) that has more to do with culture and sociology than getting business done. The underlying question is: How much risk is too much? 
 

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Economic Outlook
January 19, 2010 Posted by

Many readers have commented on my use of song quotes. In response, I've received many good and many not-so-good suggestions. The above quote, however, fits this column on my 2010 outlook exactly as all market participants look for their "own way" to protect principal while garnering above-market returns.

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Economic Outlook
January 13, 2010 Posted by

When writing a weekly column, one might suspect that it's a challenge to identify 52 topics in a year. Much of the time, that is true; however, I sometimes find myself with far too many topics to discuss all at once (Was that Billy Joel's problem?). So, I've decided to briefly list several of the topics I wish I had time to explore further. They are in no particular order, although if you'd like to hear more about any specific idea please don't hesitate to drop me a note. 

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Quarterly Economic Report
January 06, 2010 Posted by
Many market commentators are referring to today’s economic malaise in the form of letters. Are we in a “U-shaped” recession or will it be a “W?” Perhaps the worst of both worlds: the dreaded “L.” The obvious extended nature of our current downturn will be much longer than that implied by these simplistic descriptors. Instead, I prefer the analogy of crossing a riverbed. Today, we stand in the flat portion at the bottom of the riverbed, having sped down towards the bottom rather violently.
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Economic Outlook
January 05, 2010 Posted by

At 11:30 a.m. EST on Christmas Eve, the U.S. Department of the Treasury announced a handful of significant changes to its support of those venerable twins: Fannie Mae and Freddie Mac. Most significant was an unveiling of its potential equity injections for the next three years.

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