Negative Interest Rates: Uncharted Waters

Negative Interest Rates: Uncharted Waters

You may have heard about how European and Japanese central banks have been adopting increasingly unconventional monetary policies, most notably lowering their short-term interest rate to below 0%. Yes, although hard to believe, many countries around the world now have...

Why 2015 is still relevant in 2016

During our annual account reviews at The Legacy Foundation, we review and discuss key events that shaped the investment environment in the previous year and how these events factored into our decisions regarding portfolio allocations. While no financial adviser has a...

Market Outlook

If asked on New Year’s Day 2015, what factors would be determining the direction and volatility of the U.S. markets by the middle of the year, I would have guessed speculation about the U.S. Federal Reserve’s monetary policy. However, foreign matters, specifically...

Bond Market Activity in 2013

A common adage in finance is that rising interest rates will cause the price of bonds to decline. This is not the case for all bonds, but the statement does have some truth. Let’s consider an investment in U.S. Treasury ‘separate trading of registered interest and...