Leveraging did not occur overnight, and the process of “deleveraging” government balance sheets will not happen overnight either. In the aftermath of 2008, the U.S. government recapitalized banks and invested in our auto companies to prevent a financial meltdown and massive…
Just a quick note to let you all know what our thoughts and actions are after the past few days. Backing up a couple of weeks, we were steadfast in our belief that the debt debacle would be addressed before the…
Hi Everyone, As we see the recent increase in volatility continue I want to assure you we are evaluating our next move(s) every day, hour, and it seems like minute. Straight forward, no B.S., this is a governance issue! If…
Minnesota’s shutdown and the current negotiations in Washington, D.C. surrounding the debt ceiling have been capturing the national and market headlines in recent weeks. They highlight the potential risks of a “policy error” that could severely impact the markets. A…
Paul McCulley, a managing director at PIMCO, coined the economic slogan "New Normal". This term signifies a "changing of the guard" for consumers and businesses alike. From 1982 to 2007, the U.S. economy grew at an impressive 6-7% annual clip.…
We hope everyone enjoyed the 4th of July and got an opportunity to enjoy plenty of fireworks, barbecue, parades and baseball with your families. Independence Day represents all that is great about the United States as we celebrate the anniversary…