Archive for March, 2013

Could it happen here?

March 20, 2013  |   Uncategorized   |     |   0 Comment

Could it happen here? The recent news that the government of Cyprus is considering a one-time tax on the saving deposits held at Cyprus based banks is yet another example of the riskiness of holding more than a nominal amount of cash in a bank account.  While Cyprus if far different from the United States, both in terms of the fiscal state and banking oversight, it’s yet another example of why savers and investors need to ...

February 2013 – Monthly Commentary

March 15, 2013  |   Monthly Commentary   |     |   0 Comment

February witnessed a reversal in market sentiment as the bond market stabilized and equities continued their upward trajectory.  Performance of the capital markets in February reminds us of the memorable line from the 1978 college frat-party movie, Animal House, in which Dean Wormer advises “Flounder” that “…fat, drunk, and stupid is no way to go through life.”  Driven by a seemingly insatiable risk appetite and intoxicated by free money courtesy of the Federal Reserve, investors ...