Within a few weeks congressional Republicans and Democrats will again square off over how much the U.S. government should tax and spend, possibly for years to come if a “Grand Bargain” is ever reached. But looming over this debate is a stark reality that U.S. … Read More
Markets cheered the news last week that Congress had finally come to its senses, or what passes for the same, in reaching a deal to lift the U.S. debt ceiling and send government workers back to their posts. The Dow rallied 1.4% on Wednesday, and … Read More
The stock market moved significantly higher last Thursday, boosting the averages to the largest one-day gain of the year on hopes the House Republicans would agree to a plan for funding the Federal government. In fact, we won’t know if a deal can be reached until midweek, as Republicans … Read More
Bond investing has never been more difficult, but not for the reasons most investors think.
Yes, the search for yield is still a daunting one. And yes, in that search for yield many investors took on too much credit risk — the risk of a … Read More