Unrealized Potential: A Glance at Our Economy

by Anirban Basu 21. October 2013
Despite a growth rate that has averaged more than 3 percent over the past 25 years and an unmatched capacity to create and support a host of powerful companies ranging from Google and Coca-Cola to Boeing and Caterpillar, the U.S. economy has been stuck at 2 percent growth for several years. Imagine a sports car with incredible get up and go that has had to continuously negotiate a series of speed bumps. Economically, these take the form of higher tax rates, sequestration, rising interest rates... [More]

Record Low Mortgage Rates a Thing of the Past

by Anirban Basu 19. August 2013
It was only a Matter of Time We knew they wouldn’t last forever. An extraordinary confluence of circumstances, including a deep recession, deflationary forces and hyper-aggressive monetary policy, produced the lowest mortgage rates in history. As of July of last year, interest rates on benchmark 30-year fixed-rate loans were hovering around 3.5 percent, sometimes lower. They bottomed out at the end of November, when rates hit an unheard of 3.31 percent according to the Freddie Mac Prim... [More]

Economy, Markets Outperform Expectations

by Anirban Basu 12. April 2013
A Record-Setting First Quarter Simply put, the first quarter of 2013 was a fabulous one for U.S. equity investors. The S&P 500 Index, the Dow Jones Industrial Average (DIJA), and the Nasdaq all ended the first quarter of 2013 on a resounding note. The Dow Jones was up 11 percent during the first quarter to 14,578.58– its best first-quarter performance in 15 years. The S&P 500 rose 10 percent to 1,569.19 while the Nasdaq rose 8.2 percent to 3,267.52. Both the S&P 500 and the ... [More]


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