Archive for July, 2011

July 2011

July 31, 2011  |   Monthly Commentary   |     |   0 Comment

The fragile and uneven economic growth witnessed so far this year was put at risk by the childish bickering of our elected officials in July. The posturing and gamesmanship that went into negotiating the debt ceiling was far worse than anyone had expected. To be certain, damage was done to investor and consumer confidence, as evident by the wholesale dumping of equities and the price-insensitive buying of Treasury notes. The situation was worsened by the ...