Special Report: Some Thoughts on Brexit

By Don Gould Voters in the UK took markets by surprise on June 23, passing a referendum calling for Britain to withdraw from the European Union (EU)—the so-called “Brexit.” In the lead-up to the vote, investors showed increasing confidence that the motion would be...

Negative Interest Rates – Say What?

By Don Gould Negative interest rates–yes, interest rates below zero–are receiving a lot of attention these days. Central banks in Japan, Germany, Sweden, Switzerland and Denmark all are experimenting with negative short-term interest rates. Yields on longer term bonds...