Tag Archives: Inflation

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Cumberland Advisors Market Commentary – Markets During Apollo 11

Author: John R. Mousseau, CFA, Post Date: August 1, 2019
Cumberland Advisors Market Commentary - Markets During Apollo 11

This past week we celebrated the 50th anniversary of the Apollo 11 moon landing. Remarkably, only 1/3 of Americans today were alive when that happened. As a 12-year-old kid I was riveted by the space program and tried to digest the minutia of every flight. Like a lot of kids, we watched the moon landing […]

Fed Independence

Author: Robert Eisenbeis, Ph.D., Post Date: July 23, 2018
Cumberland Advisors Market Commentary by Robert Eisenbeis, Ph.D.

In the wake of the turmoil in Washington, DC, over his performance in Helsinki, President Trump also took a sideswipe at the Federal Reserve, criticizing the FOMC’s recent efforts to normalize policy.

Most presidents – though not all – have understood that Fed independence ensures separation from the Treasury and serves as a check on fiscal excesses. When a central bank takes orders from the fiscal side of government, history shows that inflation and economic decline soon follow.

May FOMC Decision

Author: Robert Eisenbeis, Ph.D., Post Date: May 4, 2018
Cumberland Advisors Market Commentary by Robert Eisenbeis, Ph.D.

To no one’s surprise, the FOMC left its target range for the federal funds rate constant at 1.5 to 1.75%. This decision maintains the Committee’s record of no rate hikes at meetings where no SEP forecasts were available and also spaces out its gradual normalization of policy. There is virtually no information in the statement […]

U.S. Stocks Gain on Solid Jobs Report

Author: , Post Date: March 9, 2018
Cumberland-Advisors-David-Kotok-In-The-News

Excerpt below: Stocks moved firmly higher after the latest monthly jobs report showed wage growth had eased, tamping down concerns among investors that bigger paychecks could lead to a rise in inflation and force the Federal Reserve to hasten its pace of short-term interest rates to tame it. “It’s a fantastic report for the economy,” […]

Drachma!

Author: David Kotok, Post Date: May 29, 2012

The drachma, the Greek currency, is over 3000 years old.  It was the most widely circulated coin in the world prior to the time of Alexander the Great. Readers may enjoy a few minutes of study about Alexander the Great.  His Macedonian army conquered Persia and much of the rest of the ancient world.  His […]