October 2013 Global Macro Recap

“Men make their own history, but they do not make it just as they please; they do not make it under circumstances chosen by themselves, but under circumstances directly encountered, given and transmitted from the past. The tradition of all the dead generations weighs like a nightmare on the brain…

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September 2013 Global Macro Recap

With the S&P 500 up +3%, we reversed the equity market’s loss of August, which was a reversal of the gain in July.  Uncertainty in Washington is the favored reason for this sideways trade, though anyone paying attention to the US political-fiscal situation knew that the budget / debt-limit battle…

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Where Will Bonds Go From Here?

If you have been in the market to buy a home recently, chances are you’ve noticed that mortgage rates have gone up from their lows many months ago.  While this is causing some home buyers to lock up a mortgage due to fears that interest rates will continue to rise,…

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