We are likely to have worldwide near-zero short-term interest rates for at least another two years, maybe three or four. The implications for stocks, bonds, and currency exchange rates are huge.
In its recovery over the past three years, the Spanish economy has outperformed the economies of all its Eurozone partners except Ireland. But clouds have gathered with the fears over Catalonia separatist politics and over the outcome of the general election expected to take place in December, and there have been some recent adverse economic indicators as well.
GIC is headed to New York on September 29 for “Munis: Chicago, Detroit, Puerto Rico and More.” In this week’s blog, our director of operations, Jill Fornito, takes some time to share what she loves about the city. If it inspires you, we hope you will join us there. Register today. While I am admittedly the […]
Last week, many Fed officials gathered at the Kansas City Fed’s Jackson Hole Symposium to give their take on the need to make or delay the initial rate hike. Vice Chairman Stanley Fisher carried the Fed’s central message – it is still too early to decide about a September hike. Before he spoke, several speakers […]
Our best outlook through this murky fish tank is that we are growing slowly in the US and gradually improving. We see 2.5 to 3 million new, nonfarm payroll jobs a year at an annual rate. We do not see robust and rising wage pressure or strong inflationary forces. We do have extremely low interest […]
GIC Director of Operations Jill Fornito talks about her recent trip to Maine and Camp Kotok.
Bill Witherell of Cumberland Advisors discusses the devaluation of the Yuan.
GIC Chairman Michael Drury takes a look at the global economy today.
Bill Witherell of Cumberland Advisors talks about investing in Japan.