July 2013

Bonds and Borrowed Time

July 24, 2013

Bond market investors had a tough first half. When interest rates rise, bond prices fall. This is confusing for a lot of folks, so imagine you own a ten-year treasury note [...]

Bernanke Blinks First

July 11, 2013

In a development that we thought highly likely, Federal Reserve Chairman Ben Bernanke threw more fuel on the capital markets fire yesterday. Responding to questions about [...]

Listen to Nana

July 3, 2013

Happy July 4th Eve! Tomorrow America will celebrate 237 years of independence. Happy Nana’s birthday, too. Today my grandmother, Margaret DuFief Reed, turns 105 years [...]