Puerto Rico – Munis on the Brink

by Daniel Gould Recent announcements about Puerto Rico’s runaway debt crisis have thrust the island territory’s long-running economic woes into the national spotlight. In late June, Governor Alejandro Padilla García warned that the U.S. commonwealth was alarmingly...

Rising Interest Rates: The Glass Half Full View

by John DeBiase and Don Gould Following last Friday’s employment report, which indicated increasing upward pressure on wages, anticipation of an initial rate hike from the Federal Reserve grew stronger. The consensus expectation is for an increase in the federal funds...

Timing the Fed’s Rate Hike

by Don Gould and Derek Baldwin, CFA Ahead of the March FOMC meeting, many observers were looking for more guidance on the likely timing of the Fed’s first rate hike. Shortly after the Fed’s March press release, financial headlines focused on removal of the word...

The Latest Washington Crisis

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...