Investment Advisory - The Flattening Yield Curve

As we approach Year-End, it is natural to think back about missed opportunities during the past year and even more naturally, to contemplate how we might exploit similar opportunities in the coming year. Unfortunately, we live in a chaotic world which gives us little time for constructive reflection in these areas.

The one universal truth that most of us need to contemplate going into 2015 is the fact that the Fed seems committed to raising rates this next year. Whether you agree or not with their rationale, such a move seems like a foregone conclusion at this point, unless there are dramatic changes from the status-quo.

The current Fed seems uniquely focused upon domestic events, at the absolute exclusion of other influences. Ironically, they seem to have begun to look inward at a time of unprecedented turmoil in global economic conditions. One could easily argue that the last time we saw such economic turbulence on the international scene was back in the 1920's and '30's...

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