Is There a Bond Bull Fight in the Post Trump/Pre-Yellen Arena?

With the exception of an increase in consumer spending in liquor sales due to the “despair of Clinton supporters,” the pundits predicted Trump-Ageddon. The experts were wrong again; instead, stock markets soared and bond prices crashed, the latter suffering a ferocious and mind-boggling $1.29 trillion sell-off.  The uncertainty generated by the election has brought about […]

Will the Stock Market Save Your Public Pension?

Double-digit annual returns for most U.S. public pension systems over the past two years have done little to shrink the yawning deficits facing many of them after a decade of inadequate funding, according to analysts and recent data. -excerpted from Reuters, March 10, 2014   Thanks to a robust stock market, most systems have enjoyed […]