Economic Review – Q1/16

At quarter’s end, the equity market had recovered all that it had lost between 12/31 and 2/11, plus about 1%.  Apparently, this was the swiftest recovery in any quarter since 1933.  While we were fairly certain that the downdraft was just a much needed correction, like you, we don’t care too much for the uncertainty […]

Investing in a slow-growth world

The first quarter provided quite a ride, featuring a rapid equity downdraft and chaos in the high-yield bond market accompanied by irrational fear about another implosion in the financial system and a resulting recession. All of this was brought on by the rapid fall in the price of oil, something that ordinarily would be a […]