Category: United States

Contrary to the orthodoxies of classical and neoliberal economics, free markets do not, and never did, create perfect competition.

Equity portfolios constructed using bond momentum signals may outperform their traditional equity price momentum counterparts.

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?

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.

Now may be a great time to stockpile excess capital to tactically deploy in the coming months if the opportunity set improves.

What should investors be watching in the US CRE market? Will there be opportunities in the residential — multifamily, industrial, retail, and office sectors?

Paul Sheard explains what money is and how governments, commercial banks, and central banks create it and influence its creation.

How have the markets responded to congressional testimony from recent Fed chairs? Have they shown a preference or distaste for any one in particular?