June 1, 2006 — Over the past 24 months, municipal bonds have had a stellar run relative to other asset classes on an after-tax and. . . .
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October 1, 2005 — Much has been written about the defined benefit pension plan (DB plan) crisis and how the “perfect storm” of falling interest. . . .
June 1, 2005 — Recent events surrounding the current pension plan crisis are starting to look very similar to the early stages of the 1980’s. . . .
September 1, 2004 — Inflation has always been at the forefront of the market’s consciousness and for good reason. Besides dictating real household spending power. . . .
August 1, 2004 — The 32,000 increase in payrolls in July, following just 78,000 in June (revised from 112,000) was disappointing and the reaction in. . . .
June 1, 2004 — For bond market participants, the recent employment numbers have essentially shifted the question of Fed tightening from “when”, to “how aggressively”. . . .
July 1, 2003 — The volatility of the markets can sometimes blur the relative value of good, steady performers in the investment universe. This phenomenon. . . .
April 1, 2002 — In recent years new wave security analysis techniques, such as pro-forma earnings and price-to-sales ratios, were used to justify frothy security. . . .