Entries by Giulio Martini

    Three Trends That Defined 2016

    November 28, 2016 9:38 AM by Giulio Martini

    Here’s a look at key factors that have influenced economies and markets in the current year—and their investment implications for 2017. 

    As the current year winds down, we thought this would be a good opportunity to review three key trends that have affected economies and markets in 2016—and what their implications may be for investors in 2017. 

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    Fresh Signs of Strength for the U.S. Labor Market

    October 7, 2016 2:13 PM by Giulio Martini

    A decline in a measure of initial jobless claims to a 43-year low suggests an important structural change that bears closer scrutiny.

    Amid a recent string of encouraging data reports on the U.S. labor market, the October 6th release of weekly figures for first-time filings for unemployment benefits from the U.S. Department of Labor stands out.

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    The Fed Deserves Praise, Not Scorn

    August 26, 2016 1:35 PM by Giulio Martini

    It would be the height of irony if the Fed’s critics succeed in snatching defeat from the jaws of victory.

    In a provocative editorial published in The Wall Street Journal, on August 25, Kevin Warsh, who served (2006–11) on the board of governors of the U.S. Federal Reserve, takes the Fed to task for how it has pursued, since 2008, its policy objectives of 2% inflation and maximum employment. He seems to believe that the Fed is oblivious to forces that are bearing down on it from both Congress and the public that ultimately will threaten its independence unless economic growth accelerates.

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