Trade War, Recession, & Interest Rates
The 3rd Quarter brought some large fluctuations in both the stock and bond markets. By far the most often discussed topics in client and advisor meetings this quarter centered around the on-going Trade War, the impact of interest rate adjustments by the Federal Reserve
We recently conducted a survey of individual clients and professional investor advisors asking them to look at some data to select the most and least risky investments on the list. This is an exercise both groups are asked to do frequently. For individual investors, they have lists of investment choices
You can only manipulate the financial system so much without causing a large disconnect in the free market. This week we briefly saw what can happen when too many people want to get cash out of a system the Federal Reserve has been micro-managing while trying to stimulate economic growth.
“One person’s financial assets are another’s financial liabilities (i.e., promises to deliver money). When the claims on financial assets are too high relative to the money available to meet them, a big deleveraging must occur.” – Ray Dalio, Big Debt Crises
“Debt
When it comes to the weather in Arizona, we’re almost on the same weather schedule as the southern hemisphere. Sure, our warm period is the same as the rest of the country (using “warm” liberally here) but in reality, we’re all kind of waiting around for fall and
