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Risk is slippery, risk is nuanced. Most folks forget the negative side of risk, instead remembering the old saw, ‘the more risk you take, the more return you earn’. Here are some situations that can fool the mind: You buy … Continue reading
The Fed finally hiked rates the other day, after several stomach churning months of speculation. The deliberation was in itself causing volatility and disruption in the markets. So, from that perspective, it’s good to have it behind us. On the … Continue reading
The Third Avenue Focused Credit Fund, aka a junk bond mutual fund, moved swiftly to prevent redemptions by transferring the fund’s assets into a liquidating trust today. With the assets locked up, and no cash flows in or out unless … Continue reading
The Fed’s zero interest rate policy, aka ‘ZIRP’, was devised to turn the 2008/09 downturn from a potential depression into merely the Great Recession, and as far as anyone can tell, it worked. However, ZIRP has continued far longer than … Continue reading
The media’s preoccupation with China’s slowing economy is the crucible for a stock market correction, but it’s not the whole answer. Until today, stocks’ decline was about in line with the 5% to 7% declines that happen every calendar year … Continue reading