May 2015

Irrational Exuberance?

May 21, 2015

We’ve stated repeatedly that a massive amount of stimulus has been required to generate GDP growth of just 2.0%-2.5% annually since the end of the Great Recession [...]

The Bond Market Reverses

May 13, 2015

In our March 25 Market Commentary, we discussed the reasons why Treasury yields kept falling in the face of some incrementally more positive economic data. We said that there [...]