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Financial Markets Pulled in a Tug of War

February 4th, 2016|by Michael Ashley Schulman, Perspectives, The Big Picture|

Tug of war rectangle

Financial markets in 2015 were pulled between the Fed’s determination to raise rates as the U.S. job market strengthened and pressure for lower rates in the rest of the world as China’s economic growth slowed and commodity […]

The U.S. has enjoyed a good six year run in asset prices

October 30th, 2015|by Michael Ashley Schulman, Perspectives, The Big Picture|

The U.S. has enjoyed a good six year run in asset prices; simultaneously, the global economy has had anemic economic growth that has perpetually caused concern: this is not the time to increase risk. Some have likened the last several years to a Goldilocks economy, not too hot and not too cold; if so, it […]

The domestic economy is much closer to normal

June 30th, 2015|by Michael Ashley Schulman, Perspectives, The Big Picture|

The domestic economy is much closer to normal that it has been in the last five years. With expectations that the U.S. economy will grow 3% in the second half, Greece’s immediate uncertainty behind us, Cuban and Iranian détentes winding their way through the political process, and little damage done by Chinese stock gyrations, there […]