Market Brief: Coordinated Policy Action
Don’t step in front of a freight train. Wise words, indeed, both in reality and when it comes to investing. Toward the end of the week last week, traders seemed to believe that there may be a coordinated policy freight train coming down the tracks. The result was the biggest two day rally in the […]
Market Brief: Integration
“No liability without controls.” Those were the words of German Chancellor Angela Merkel in mid-June. Four simple but meaningful words. What did she mean by it? Simply, she was telling Europe that Germany is unwilling to accept the liabilities of other countries unless Germany has some level of control over the policies and activities of […]