Blog October 2013

While the issues that threatened to take the United States to the brink of disaster have been pushed out to early next year, we think we are unlikely to see… Read More

Liquidity may pose a challenge to the bond market in the form of: 1) more volatile interest rate movements; and 2) greater swings in lowerrated or more economically sensitive bonds.… Read More

Demographics, and particularly the aging population, are a very important factor in determining health care costs in the decades ahead. However, more important is how (and when) the federal and… Read More

The similarities between 1967 and 2013 suggest that if the pattern in the stock market continues to hold, as we believe it may, and lawmakers eventually “kick the can” on… Read More