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Treat Those How You Want To Be Treated

Last May my colleague Marisa Bradbury wrote a great piece titled, “Putting Investors First,” in which she articulated the title as the principle of the fiduciary standard.  Please read it if you have not had a chance and you are interested in this hot topic, In the investment advisory business, there are two standards […]

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No Fear

I thought one of my favorite quotes would be very timely today by Dr. Martin Luther King, Jr., “Darkness cannot drive out darkness; only light can do that.  Hate cannot drive out hate; only love can do that.” Whether discussing political issues, personal challenges, or economic and market forces this quote provides great perspective. Fear […]

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Happy New Year!

“Let us enter the New Year cheerfully.  Let us resolve to look on the bright side, to make the best of whatever may befall, to maintain faith that doing the right thing will ultimately bring victory.  Let us cultivate sunniness, resist sourness.  We can better wrestle with difficulties, obstacles, problems in a spirit of buoyancy […]

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The Fed’s Interest Rate Decision

In his blog on Fed watching, my colleague Walter does an excellent job of explaining and summarizing the Fed’s reasons for not raising interest rates last week.  Many market participants seem frustrated by the lack of action by the Fed.  Admittedly, as the Fed continues down the road less traveled, the lack of an interest […]

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China Devalues its Currency. Good or Bad?

After an unexpected report of a year over year drop in Chinese exports of -8.5%, the Chinese government, literally overnight, devalued its currency, by just under 2%.  Translation: The Chinese government reduced the value of its currency, which makes the price of the goods it produces cheaper/more attractive to foreign buyers.  For example, a Chinese product that […]

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Interest Rate Head Fakes

We have seen significant sell-off in the bond market over the past few weeks as the markets try to get their arms around future Fed actions.  These sharp moves in yields can cause one to be uneasy about what could happen.  The fear is that interest rates project upward causing large losses in bond portfolios.  […]

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