Monetary Policy
With low, nil, or negative yields, how much can bonds still contribute to a portfolio?
Powerful new instruments have to be created to revive a flagging eurozone economy.
A long-forgotten economic indicator demands a reappraisal, says Daniel Nevins, CFA.
Janet Yellen sat for a wide-ranging fireside chat with Margaret “Marg” Franklin, CFA.
Richard H. Clarida discussed what he calls "an evolution in Fed communication."
In today's bull market, the bezzle, or "inventory of undiscovered embezzlements," isn't stocked with Ponzi schemes and the like. Rather it is built on the notion that risky assets have become practically risk-free.
“You don’t have a lot to work with when the next discussion around the table is negative interest rates,” says Danielle DiMartino Booth.
Has the bubble in credit markets achieved new momentum? Edward Altman weighs in.
“Most people tell me that long-run equity valuation data is meaningless," says Russell Napier. "I think they’re wrong.”
"The thing about fixed income is avoiding the downside," says PGIM's Gregory Roberts. "We get penalized for losses and get very little for getting things right."