European Union

Market Dislocations

June 7, 2018

Tuesday was a very interesting day for the bond markets. Political upheaval within two key European countries, Italy and Spain, caused a dramatic sell-off in sovereign debt [...]

“TINA” is Back

July 6, 2016

By now I’m sure you’ve heard something about how disastrous the British vote to exit the European Union (aka, the Brexit) will be for both the global economy and [...]

Just Super!

November 23, 2011

It’s easier to celebrate Thanksgiving in Washington, DC – not only are we surrounded by the symbols of liberty and democracy, but the politicians all leave for home. [...]


August 8, 2011

One of the first things investors learn after “buy low and sell high” is that markets hate uncertainty. A downgrade of the sovereign debt of the United States of America [...]