The 4×4 Asset Allocation philosophy approaches every asset or strategy based on how it contributes to — or detracts from — Growth, Income, Preservation, and Liquidity. So, what does a goal-based approach to equity factors actually look like from this perspective?
Category: United States
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The Fitch Downgrade: The Principal–Agent Problem in Modern Finance
Fitch Ratings’ US credit downgrade highlights a latent principal–agent problem in modern financial markets: Investors have outsourced much of their risk management to the rating agencies.
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Resistance Training: Testing Market Resilience
Now may be a great time to stockpile excess capital to tactically deploy in the coming months if the opportunity set improves.
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Commercial Real Estate Today: A Four-Sector Outlook
What should investors be watching in the US CRE market? Will there be opportunities in the residential — multifamily, industrial, retail, and office sectors?
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Book Review: The Power of Money
Paul Sheard explains what money is and how governments, commercial banks, and central banks create it and influence its creation.
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Fed Chair Congressional Testimony: Has the Market Played Favorites?
How have the markets responded to congressional testimony from recent Fed chairs? Have they shown a preference or distaste for any one in particular?
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ESG Affirmations and Surprises: Asset Managers Look to the Future
ESG considerations are transforming how asset managers approach their jobs and serve their clients, according to the latest Index Industry Association (IIA) survey.
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Revenue Statistics: Key findings for the United States
The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in the United States increased by 0.8 percentage points from 25.8% in 2020 to 26.6% in 2021. Between 2020 and 2021, the OECD average increased from 33.6% to 34.1%.
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Carbon Pricing: key findings for the United States
Carbon pricing is a powerful tool that can help countries meet climate targets, lead to cleaner air and water, and improve public finances. This country note takes stock of how carbon prices on greenhouse gas emissions have evolved in the United States between 2018-21. It estimates effective carbon prices resulting from carbon taxes, emissions trading...
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United States: Continue to tackle macroeconomic challenges while supporting the middle class and preparing for population ageing, says OECD
After a rapid recovery from the pandemic, the U.S. economy faces significant challenges from surging inflation and slowing economic activity, according to a new OECD report.