by Michael Lecours | Sep 10, 2013 | Economy, Uncategorized
This summer, headlines stated that the Euro Zone had emerged from its recession with .3% growth in GDP. It’s no cause for celebration, but an important signal that Europe is making progress in its recovery. Below are a few signs indicating Europe is improving:...
by Michael Lecours | Sep 3, 2013 | Economy
There has been a historic intervention into the economy by the central government. Huge deficits were incurred. The U.S. Treasury and its partner, the Federal Reserve engaged in massive money-creation, buying (QE) all this debt. Essentially, the government loaned...
by Michael Lecours | Aug 23, 2013 | Economy, Uncategorized
Over the weekend, I visited the space shuttle on display in NYC. I was surprised to learn all the technology developed for space exploration that has found ways into our everyday lives. Here are just a few: Cell phone camera Clean energy technologies...
by Michael Lecours | Aug 22, 2013 | Economy, Uncategorized
I’ve caught a few headlines online and blurbs on the radio about the unusually low price of lobster at this time of year. At first, I figured some environmental condition was the cause. Turns out I was partly wrong. After a little research, I learned about this...
by Michael Lecours | Aug 16, 2013 | Economy
I have been writing, talking, and even ranting about duration, ultra-low interest rates, and the inevitability of higher rates and thus, lower bond prices. However, rates kept driving down to historic lows. But maybe it is finally time. The interest rate on the...
by Michael Lecours | Jul 22, 2013 | Economy, Politics & the Economy, Uncategorized
NY Times just released the results of a fascinating study about upward mobility in the United States. The results show that a child who grows up in Bridgeport, CT area with parents who earn in the 10th percentile ($16k), ends up, on average, in the 38th percentile....
