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During the third quarter, the U.S. Federal Reserve Board (the “Fed”) reduced short-term interest rates, marking a shift in interest rate policy from the prior four years. For much of that time, the Fed was
Asset class returns were generally positive in the second quarter of 2024. Insurance-linked securities led all asset classes for the quarter while stocks and bonds produced modest positive returns. Meanwhile, real estate securities turned in
The third quarter of this year marked the 15th anniversary of the collapse of Lehman Brothers, the investment bank failure at the epicenter of the Global Financial Crisis of 2008. The occasion got me thinking
Earlier this year, a poll conducted by the Pew Research Center caught my attention. The survey asked the following question: “In general, would you say life in America today is better, worse, or about the
During the quarter, most asset classes posted positive returns, recovering somewhat from a difficult 2022. U.S. stocks, non-U.S. stocks, and insurance-linked securities led the advance with mid-single-digit returns. Bonds and real estate securities turned in