Economy & markets

Economy & markets

The Fed must play the hand it’s been dealt

Playing poker well is about understanding 2 key things: 1) the hand that you’ve been dealt, and 2) what that means for the probability of future outcomes. In our view, the hand the Federal Reserve has been dealt (the...

How should investors respond to the global economic slowdown?

I had the privilege of attending the International Monetary Fund’s spring meeting in Washington, D.C., last month. The key takeaway from the conference of leading global economists and monetary policy experts? Global growth is clearly slowing. Having estimated 3.6% growth...

Coming to a cubicle near you: Human work

From stone tools to smartphones, technology has always changed the way we work. When Jack Bogle joined Wellington Management in 1951, Wall Street brokers phoned the accounting department twice a day to quote the prices of the Wellington™ Fund’s stocks...

What Fed projections may mean for longer-term stock returns

When the Federal Open Market Committee meets next week, investors will be looking for clues regarding the Federal Reserve’s policy path in 2019. Will there be one rate hike, or none at all? (We estimate that there will be...

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Taylor Swift’s Stylish Separates In Germany – Shop Them Here

All right. Well, take care yourself. I guess that's what you're best, presence old master? A tremor in the Force. The last time felt...