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Markets and Valuations

It’s the Discount Rate The current low interest rate environment increases the discounted present value of future cash flows and reduces the return demanded for every investment. In other words, when the Fed funds rate is zero, 6% bonds become disproportionately...

The Global Economy – The Great Moderation

Nicholas Mitsakos The world’s business cycles are more moderate and lengthening. Optimism is challenging when looking at the world economy. As the trade war between America and China continues, business confidence in America and elsewhere has been declining. Surveys...