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The New Normal

The New Normal was a term to describe the financial conditions after The Great Recession of 2008-2009 by Mohamed El-Erian, currently the chief economic advisor at Allianz. The concept of the New Normal is that the economy would remain sluggish


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The Fed Has “Liftoff”

The Federal Reserve Board (“Fed”) raised the Federal Funds Target Rate by .25% at their December meeting.  This rate is the amount banks charge each other for overnight loans. This was no surprise. Fed Chair Janet Yellen clearly indicated rates


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Market Volatility Spikes Amid Global Economic Concerns

Equity markets suffered their worst week since 2011 for the week ending August 21, with the Dow Jones Industrial Average down more than 1,000 points and the S&P 500 down 5.7%. Put into the context of the bull market of the


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