economy

The Paved and Unpaved Road

May 4th, 2018|by Michael Ashley Schulman, Perspectives, The Big Picture|

Summary

  • Price volatility in stocks and bonds is normal and does not necessarily mean that market direction has changed
  • Interest rate increases by central banks and the selling of bonds they’ve acquired (i.e., the reversal of their policy over the […]

Global Economy Remains Upbeat, and That Creates Unease

May 11th, 2017|by Michael Ashley Schulman, Perspectives, The Big Picture|

Taste is not everything ;)

The world economy remains reasonably upbeat, and that creates unease.

  • U.S. companies are up and the Fed on track for rate rises
  • Puerto Rico is belly up, but France (and the European Union) are holding together
  • 100 days […]

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 […]

Confused about the U.S. economy? Here is why.

November 30th, 2015|by Michael Ashley Schulman, Perspectives, The Here and Now|

Confused about the U.S. economy? Here is why you might be. Both U.S. consumers and businesses are simultaneously signaling up and down. Some important economic indicators are pointing in opposite directions, even when measured among what presumably seems to be the same set of people.

Consumers are negative according to the Conference Board, but positive according […]

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 […]