Iron Capital’s quarterly review of capital markets performance and updated market forecast.
International Monetary Fund (IMF) revised their economic outlook downward. That sounds bad doesn’t it? Until one realizes that the IMF has had to lower their economic outlook 100% of the time since 2011 – the approximate end of the European Debt Crisis.
First quarter GDP Down 2.9%. Work force participation at forty year lows. Russia trying to take over Ukraine. ISIS on the rise in Syria and Iraq. Rockets hitting Israel from Gaza. Every major investment asset class providing positive returns.Which one of those statements doesn’t seem to fit?
Back in the USSR? Vladimir Putin wants Ukraine, and in all likelihood all of the former Soviet Republics. He now has Crimea and unless something changes soon will likely get Ukraine.
At the beginning of 2013 we were facing a fiscal cliff, a sequester and the debt ceiling. The consensus among economist was that our debt situation required a combination of tax increases and spending cuts. There was also a consensus that it would never happen because one party refused to cut spending while the other […]
Well the old saying goes that one can pick one’s point of view but one cannot pick his own facts. Think what you will about the shutdown of our government the fact is it is not unique. Standard and Poor’s sent us some interesting data on government shutdowns and I think it is worth sharing. […]
