Archive for April, 2015
MCCULLEY: PRESCIENT THOUGHT LEADER
Few investors have the prescience of this week’s Financial Thought Leader guest. Long before the 2008/2009 financial crisis he identified the powerful and destructive rise of what he called the “Shadow Banking System”, the unregulated institutions funding the housing and credit bubble. He also coined the phrase “Minsky Moment”, after the economist Hyman Minsky’s theory that financial stability ultimately leads to financial instability, as people and institutions take on more risk. That is exactly what happened.
This week’s WEALTHTRACK guest is legendary bond trader, Federal Reserve watcher and economist, Paul McCulley who spent many years in the top ranks of bond giant PIMCO. What financial forces does he see gathering now? Continue Reading »
McCULLEY: WORK/LIFE BALANCE
AHAMED: POWERFUL CENTRAL BANKERS
We discuss the lessons learned and ignored from the powerful central bankers of a century ago. Financial Thought Leader Liaquat Ahamed, the Pulitzer Prize winning author of Lords of Finance discusses the differences and similarities between central bank policies today and those leading up to the Great Depression. Continue Reading »
EXPECT PERIODS OF HEIGHTENED VOLATILITY IN THE BOND MARKETS
- Don’t Panic
- Focus On Long-Term Goals
- Invest With A Seasoned Bond Mutual Fund Manager
AHAMED: RISING RATE RISKS
Pulitzer Prize winning author, Liaquat Ahamed was a bond manager, Chief Investment Office and CEO of a fixed income management firm long before he wrote Lords of Finance: The Bankers Who Broke the World. We asked him for his views of the bond markets today, especially considering the Federal Reserve’s long anticipated interest rate hike.
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