What’s this Mean? Is it as Scary as it looks?

20 December, 2018 by Mark O'Brien in Commentary
The Wall Street Journal featured a front-page story on Tuesday (December 17, 2018) about sharply higher corporate stock dividends.  What’s noteworthy about the story is that the sharply higher dividends are not a forecast or a projection; rather, companies are raising dividends right now, and ... read more...

Government: Friend and Foe

14 September, 2018 by Emme Kealey in Commentary
Individual investors and savers should not assume that policy makers at the Federal Reserve and U.S. Treasury are trying to help them. The reality is more complicated.  Policy makers have their own big-picture goals that sometimes clash with the financial well-being of savers and investors.   I ... read more...

Don’t Manage Assets!

4 September, 2018 by Emme Kealey in Commentary
  “Don’t Manage Assets!” reads the title of the magazine article.  The title comes as a bit of a surprise to the casual reader,  at least to this one. That’s because the magazine is an investment industry publication written just for asset managers.  And managing assets is, well, what ... read more...

Bonds Re-understood

15 June, 2018 by Emme Kealey in Commentary
  In the early 1970s bonds underwent a revolution – – of sorts.  I say “ of sorts” because bonds by their nature are not very revolutionary.  Just the opposite. Moreover, it was not bonds that changed so much as people’s understanding of them that changed.  In any event, in ... read more...

Reflection on GE

12 June, 2018 by Emme Kealey in Commentary
June 12, 2018   General Electric stock  (GE, $14) is famously down.  Its price has fallen 50% over the last 12 months, a period when the stock market has smiled on other joint-stock companies.  The bellwether S&P 500 is up 14% over the period. The fall is made all the more remarkable ... read more...