Throwing Darts

Posted Posted in Morning Jog

This week, the International Monetary Fund (IMF) published its semiannual forecast for global economies, cutting the expected growth rate for 2019 from 3.7% (projected last October), to 3.3%. You can check off all the usual suspects for the tempered outlook: the slowdown in trade, tariffs, declining business confidence and increasing political uncertainty. Granted, a 3.3% […]

Home Sweet Home

Posted Posted in Morning Jog

Global equity markets are off to a great start this year, but sovereign bond investors are having no part of the renewed optimism. 10-year government bond yields are L.O.W. low…as in zero in Germany and negative in Japan. In a flashback to the summer of 2016, the nadir for global rates, there is over $10 […]