ECB

Financial Strength versus Price Strength

November 2nd, 2017|by Michael Ashley Schulman, The Big Picture|

Marc ChagallThe rising trend in asset prices known as global asset reflation is not over; improving economic conditions continue to provide a global tailwind to assets. The largest central banks in the world have spent the last nine years and over $12 trillion […]

Financial markets and economies bounced in and out of a deep pothole in the first quarter of 2016

May 16th, 2016|by Michael Ashley Schulman, Perspectives, The Big Picture|

Golden Gate 20pct

Financial markets and economies bounced in and out of a deep pothole in the first quarter of 2016 and the stomach churning reverberations continue to be felt in some investor stomachs.  The underlying strength of the US economy, led by consumer spending, is […]

My opinion: Draghi may have disappointed markets, but he pleased Yellen and the Fed

December 3rd, 2015|by Michael Ashley Schulman, Perspectives, The Here and Now|

ECB faces2Mario Draghi’s European Central Bank (ECB) announcements on the morning of December 3, 2015, while stimulative, nonetheless underwhelmed the market; but that does not mean that they were not well thought out.  The market’s disappointment, along with its consequential same-day rally of the […]

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 […]

October’s thunder came from November’s elections

October 31st, 2006|by Michael Ashley Schulman, Perspectives, The Big Picture, Writers|

October’s thunder came from the clamor and anticipation of November’s elections which were predicted to move many contested offices into Democratic hands; top issues included runaway federal spending, illegal immigration, crimes in Iraq, and national security. Other populace emotions were mixed as relatively low gasoline prices boosted consumer sentiment while near record US troop deaths […]