by don.gould | Oct 3, 2013 | Uncategorized
by Don Gould In the latest partisan skirmish among our Washington legislators, we find the US government in partial shutdown. Added to that, the government has reached its legal borrowing limit (the so-called “debt ceiling”), and the Department of the Treasury says it...
by don.gould | Jul 19, 2013 | Uncategorized
by Don Gould The City of Detroit, burdened by huge financial obligations it cannot meet, declared bankruptcy yesterday. This was no surprise—the city’s industrial base and population have been shrinking for decades. Still, for investors, it’s a reminder that lending...
by don.gould | Jul 19, 2013 | Uncategorized
by Don Gould Note: This post is an excerpt from Gould Asset Management’s Economic and Market Review for the Second Quarter of 2013, the entirety of which can be found here. We’ve reprinted it here for the benefit of our blog subscribers. The run-up in...
by don.gould | Jun 26, 2013 | Uncategorized
by Don Gould One of the market’s periodic storms washed ashore in earnest last week, with both stocks and bonds tumbling together. Actually, bond prices began their downtrend around May 1, while stocks followed suit about three weeks later. Both stocks and bonds...
by don.gould | Nov 9, 2012 | Uncategorized
by Don Gould The campaigns are finally over and the results are in. In the game of political gridlock (or compromise), Washington will field the same players for another two years at least. Fiscal Cliff in Focus Investors woke up Wednesday morning, November 7, and...
by don.gould | Sep 24, 2012 | Uncategorized
by Don Gould Like Pavlov’s famous dog, the markets now seem conditioned to lurch upward every time Fed Chairman Ben Bernanke rings his easy money bell. (A similar story could be written about the European Central Bank and its chairman, Mario Draghi.) I find this...
by don.gould | Aug 6, 2012 | Uncategorized
by Don Gould The last two US bear markets – 2000-2002 and 2007-2009 – saw the stock market lose about half its value in each instance. Investors with balanced portfolios – some mix of equities and fixed-income – fared much better than those invested mostly or...
by don.gould | Jul 13, 2012 | Uncategorized
by Don Gould The arithmetic of today’s minuscule interest rates — what some investors have called “financial repression” — leads to some far-reaching conclusions and unpleasant implications. In the good old days (i.e., the historical averages since 1926), intermediate...
by don.gould | May 15, 2012 | Uncategorized
by Don Gould Money market funds, long the parking place of choice for cash balances, now face two existential challenges. The first is the Fed’s policy of maintaining near-zero interest rates at the short end of the yield curve. When market yields are less than the...
by don.gould | Apr 10, 2012 | Uncategorized
by Don Gould Note: This post first appeared in Gould Asset Management’s Economic and Market Review for the First Quarter of 2012, the entirety of which can be found here. We’ve reprinted it here for the benefit of our blog subscribers. Apple Inc. is best...
