It seems for 7 years now I’ve been having to defend owning bonds in a portfolio. Back in 2010 the “experts” started talking about the ending of the 30+ year bond bull market. They told us interest rates had to go up because a.) the economy
On Wednesday the stock market got spooked when the Fed minutes revealed a lengthy discussion about how & when the Fed will begin to unwind its balance sheet. Many people have forgotten that it is NOT NORMAL for a central bank to hold so many assets on their books. In
Back in 2011 I marked the 30th anniversary of the day President Reagan was shot with a look at the impact he had on our economy. While he was a great president in many ways, the DATA shows his policies ushered in a “new era” where debt was
The Fed says the economic data has “not noticeably picked up.” I’m not quite sure what she is looking at or what I’m missing because my economic indicators are showing a strong escalation in the pace of economic growth. This week we take a
The Fed raised interest rates at their meeting this week, just the 3rd time since the recession ended nearly 8 years ago. Over the past two weeks market participants have worried the Fed would push rates up too far and too fast. Stocks rallied during Fed Chair’s press
