The European economy has a recession problem and a Russian problem.
The world’s central banks want more inflation. They should be careful
what they wish for.
U.S. companies continue to take advantage of low interest rates to raise
additional capital through bonds. The question becomes: How do they
intend to spend that cash?
The U.S. economy is gaining strength, and now the housing sector has
joined the recovery.
Tucked away in a quiet corner of the capital markets, municipal bonds
are enjoying a stealthy but stellar 2014.