14 Jan

The Grand Monetary Experiment

January 14, 2015Printer-Friendly Version“And so the miracle of the debt supercylce meets a logical end when yields, asset prices and in the increasing amount of credit place an unreasonable burden on the balancing scale of risk and return. Too little return for too much risk” – Bill Gross, January 2015Markets By The Numbers – 2014 In ReviewStocksGlobal stocks ended the year up 4.2%. There was quite a dispersion between U.S. stocks and international stocks as international developed and emerging market stocks recorded losses for the year. Continued concerns regarding slowing growth and a risk of deflation in the Euro-zone impacted international developed stocks. Slowing…

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13 Oct

End of an Era

October 13, 2014Printer-Friendly Version“An era is ending: for over half a decade, nearly worldwide, zero interest rates suppressed volatilities. That is over. More and exciting volatilities lie ahead.” – David Kotok, October 5, 2014The third quarter ended eventfully with a resurgence in world-wide volatility in stock prices, interest rates, currencies and commodities. This volatility carried over into October as most days so far the Dow has experienced 100 to 200 point swings rather routinely. A lack of global liquidity has also created a resurgence of volatility as the Federal Reserve wraps up its quantitative easing (QE) program. It’s no secret that QE aids global l…

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