End-of-cycle anxiety

The current economic expansion in the US is only five months away from being the longest ever recorded. And with unemployment near historic lows, and consumer and business confidence showing great strength, it is difficult to foresee an imminent derailment of the US economy. However, human minds function largely on the basis of anticipation, and … Continued

Market tremors and the financial laws of motion

The recent stock market sell-off have been virulent and widespread, which raises the question of whether we are witnessing the end of the longest bull market in history, or just another transitory market tremor. The correction can be seen as a due response to long-term interest rates ratcheting up since the beginning of the year, … Continued