Last week we examined the anatomy and causes of economic cycles. Today, we look at policy tools targeted at smoothing out the ride.
The US has enjoyed an unusually long period of relative stability (the longest stretch of economic growth in our history), but after 10 years, there are some signs that the gas gauge is low. We cannot know when, but is useful to understand why booms turn into busts.
Since initial public offerings convey important information regarding the overall strength of the economy, today we dissect the process of going public.
Exchange traded funds have grown substantially in popularity over the past 10 years. By the end of 2018, there were 1,988 different offerings totaling $3.4 trillion in value in the…
The first official currency issued by a government was a coin minted in ancient Lydia around 600 BCE. It took about 1,700 years for the first sovereign paper money to emerge in China. Since that time, hundreds of different currencies have appeared.
Given the enormous federal debt and trillion dollar deficits, one might expect the value of the dollar to decline. Instead, we have seen the opposite. Contrary to predictions of currency…
All investments involve some degree of risk. The key to success is taking action to understand it and to find the level with which you are comfortable. This is easier said than done, and many investors learn too late that their appetite for risk is actually lower than their allocation reflects.
By now, most everyone has heard of Bitcoin. Some readers may have taken the plunge and invested. And like many shiny new objects, the hype and hyperbole are fevered. So just what is it and what’s the big deal?
No one panics when stocks move higher, but periods of declining value call for a reminder of the proper perspective regarding naturally cyclical market behavior.
In an environment of declining rates and low absolute returns, preferred shares can offer a compelling option for investors seeking relatively high income and some capital preservation.