History In the 90’s, China’s currency, Renminbi (RMB), was not a free floating currency and “maintained” by China on a fixed exchange rate basis to achieve exchange rate stability. This means it was illegal to exchange currency at any other...
Growth is the cure for all ills. There is clear and undisputed evidence that the global economy is slowing from China to the U.S., but on a relative basis, the U.S. is still growing faster than most developed economies. The December 2015 FOMC liftoff decision has...
The first four days in 2016 have been another wakeup call to investors globally that 1) investment grade fixed income assets with duration remain the safe haven when risk is off; 2) the markets are more correlated on the downside; 3) market volatility is back as the...
J.P. Morgan, the too-big-to-fail bank, has admitted the violation of its fiduciary duties to clients as so required when offering investment advice in the capacity of a registered investment adviser. The general objective of the Investment Advisers Act of 1940 is...
On October 21, 2015, the Internal Revenue Service announced1 cost of living adjustments affecting dollar limitations for pension plans and other retirement related items for Tax Year 2016. Generally speaking, many of the pension plan limitations do not change for 2016...
