Fed

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 […]

A Tale of Two Bonds

December 6th, 2017|by Michael Ashley Schulman, Perspectives, The Here and Now|

Graph 3: From 12/6/16 to 12/6/17, theIt was the highest of yields, it was the lowest of yields, it was the age of up up up, it was the age of down down down, “it was the epoch of belief, it was the epoch […]

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 […]

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 […]

Fed on Track to Hike Rates in December

September 21st, 2016|by Michael Ashley Schulman, Perspectives, The Here and Now|

Photograph by Michael Ashley

The U.S. Federal Reserve (The Fed) appears firmly on track for a December hike after leaving the federal funds rate unchanged today at ¼ to ½ percent.

Today’s Federal Reserve’s Open Market […]