Pound Poor, Pound Foolish

You may have read that the British pound has had a very rough couple of weeks on world markets, losing more than 4% of its value against the dollar in one week, and continuing the slide through the next, finally reaching a 31-year low against the dollar. Part of the problem was a mysterious “flash […]

Whither BREXIT?

More than three months after British voters elected to extricate their economy from the European Union, Brexit still hasn’t actually happened. What’s going on?

Apparently nothing more than a careful process designed to minimize damage on both sides of the English Channel. British Prime Minister Theresa May recently announced a target of late first quarter […]

Quarter End Report: The Bull Continues

100 days after the Brexit scare, three quarters of a year after the most recent Fed rate hike, the markets once again confounded the instincts of nervous investors and went up instead of down. Last week, Fed Chairperson Janet Yellen told the world that the U.S. economy is healthy enough to weather a rise in […]