debt crisis

Our take on the investing, financial, & economic themes of the day

Time to Get out of Europe — and the Stock Market?

21 June, 2012 by Ben O'Brien in Commentary
When the chance acquaintance, i.e., the person ahead of me in line at Starbucks,  happens to  hear I manage money for a living,  he tends to ask me, sympathetically,  how’s it going? He will say, with a nod, that he expects I am retreating out of the market in anticipation of big trouble from ... read more...

It’s All About Bond Vigilantes Now

18 June, 2012 by Ben O'Brien in Commentary
Every morning at 11:00 AM this office has a conference call to talk about the news.  We invite a broker to join us, and he provides a different perspective.  What usually starts the conversation is a newly released government statistic  about industrial production,  housing starts, new home ... read more...

In Uncertain Times Gold is Not a Safe Haven

5 June, 2012 by Ben O'Brien in Commentary
With gold down substantially from its high in 2011 and continuing to decline even in a time of extreme economic uncertainty that drove the yield on 10 year Treasuries to record lows, MarketWatch’s Jack Hough argues that the metal is not a reliable safe haven: After sliding 6% in May, the ... read more...

A Walk Around the Firm, July 27, 2011

29 July, 2011 by Ben O'Brien in Commentary
Earlier this week, in the midst of worries about the debt ceiling debate in Washington and the struggling economy, we met with an institutional client. We thought we’d share here some of what we talked about. What follows is what Mark O’Brien said more or less. He takes a step back ... read more...