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The Fed Should Be Dabbing Right Now
The Federal Reserve deserves a gold star for keeping inflation expectations so well moored to the 2-2.5% level.
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Political Uncertainty Is A Reminder To Avoid “Home Bias”
Investors should respond to political instability by ensuring their equity holdings are diversified across geographies and free of “home bias”.
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EC Cash Makes A Comeback
The key change to the fixed-income markets is not the level of rates, but the fact that the yield curve is now essentially flat.
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Higher Interest Rates Are "An Excuse, Not An Explanation" For Stock Slide
So how have higher interest rates hurt stocks in recent weeks? To judge the impact of real interest rates, we look to the market for Treasury inflation protected securities (TIPS).
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Cash Makes A Comeback
3 years ago

Longer term real interest rates are dictated by global economic output and the marginal propensity of individuals to save vs. consume, and I agree that the Federal Reserve's ability to impact these rates is limited at best. However, I don't see a much steeper yield curve unless inflation concerns are such that a premium is demanded for holding longer term paper. And right now, the market is saying that although expected levels of inflation are a bit higher than a few months ago, there is little concern that inflation will accelerate to much higher levels.

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SLB Schlumberger Limited
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