Election Results: Trump Makes it to the Big League

Riding the global wave of populist sentiment that brought Brexit to the European Union and ‘Duterte Harry’ to the Philippines, as well as traction of some far-right and far-left parties and candidates in European countries, Republican presidential nominee Donald Trump stunned his critics and won the general election. The question now is: What comes...
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Future of Interest Rates

Over the past few weeks, discussion on the future of interest rates has been widespread following the Fed’s quarterly meeting and again following Brexit.  I found the following chart from economist Larry Summers interesting. It graphs the Federal Reserve’s interest rate expectations, by year, and clearly illustrates how consistently wrong...
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Brexit: Britain Votes Leave

In a tight 51.9% to 48.1% vote, the U.K. has voted to leave the European Union. As expected, the reaction in equity markets was negative. We believe our diversified approach should serve investors well, and we remain diligent in evaluating future investment opportunities as financial markets react to the news. On June 23, Britain took to the polls...
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No End to the Uncertainty

The U.S. Federal Reserve decided not raise the Federal Funds rate at its latest meeting, citing "Recent global economic and financial developments” as rational for the lack of movement. In light of China’s plight, stock market volatility and the strength of the U.S. dollar, the Fed’s decision to hold its ground come as no surprise to us. That noted...
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Greece Votes "No." Now What?

On July 5th, Greek citizens voted overwhelmingly to reject the most recent conditions offered by the country’s official creditors — the European Commission (EC), the European Central Bank (ECB) and the International Monetary Fund (IMF). The vote reflected widespread dissatisfaction with Greece’s economy and a belief that the country’s struggles are...
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