Donald Rumsfeld famously (and some would say disingenuously) talked about “known knowns”, “known unknowns”, and “unknown unknowns.” This comment came to mind as we sorted through the various possibilities, and likeliest outcomes, for the financial markets as we head into 2016. Read more about Known Knowns, Known Unknowns, Unknown Unknowns 11-30-15
To us one of the most disturbing effects of the recent terrorist attacks in Paris and elsewhere is how they have unleashed—or to be more precise, further unveiled—a perhaps unprecedented level of raw anger many Americans feel these days.
Read more about Food, Energy and Water 11-23-15
As the horrific attacks in Paris demonstrated yet again, we live in a very unsafe world. With Europe and the Middle East particularly vulnerable to sudden disruptive events, it leaves the U.S. – not to jinx anything – distinguished as a relatively safe place to be. Read more about Psychological and Economic Boost 11-16-15
Friday’s employment report was better than expected and according to the Fed futures tabulators, the report moved the needle to favor of a Fed rate hike in December. If anything, this thinking was compounded by gains in the Chinese stock market despite a weak trade data report. Read more about Okay but Not Robust Economy 11-09-15
Here we go again. The Fed, seemingly desperate to raise interest rates, last week told us that the next two employment reports will be the critical determinants in their December decision. Read more about U.S. No Longer the World’s Economic Sun