December 4, 2013 - Ahhhh, behold the holidays. A time of hustle and bustle, feasting and imbibing, and friends and family (sometimes in that order!). It is quite likely that no other 8-week period throughout the year consumes as much energy, emotion and money as the time from Halloween through New Year’s. And we lament how quickly the time goes, as if we inadvertently stepped into Mr. Peabody’s WABAC time machine and somehow missed days, if not weeks. On this occasion, perhaps such a trip would be of use to review the fixed income markets in 2013 to set the stage for the year ahead. Alas, it will be 2015 before long…
October 30, 2013 - The Federal Government has reopened. National Parks and monuments are available for tourists to visit. The panda-cam at the National Zoo has been turned back on. Whew. So perhaps the government shutdown and debt ceiling debate were sensationalized by the politicians, and the media-frenzy feeding the politicians didn’t help.
October 4, 2013 - The fiscal tragedy playing out in our nation's capital will have real consequences, both intended and unintended, in the days, weeks, and months to come. At issue are two critical elements: the federal budget and the debt ceiling. While these are two distinct and separate concerns, the political climate is such that neither topic will likely be resolved before their respective deadlines.
September 19, 2013 - The Federal Reserve surprised investors on Wednesday, choosing to maintain its aggressive asset purchase program. While the immediate response is enthusiastic, longer term implications are uncertain.