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What Pokémon Go can teach us about investing

The Pokémon Go craze is a great way to think about alternatives. Investors are looking at the real world and choosing to chase something imaginary: growth.

It’s not polite to ask an expansion how old it is

In the words of Federal Reserve Chair Yellen, there is no reason for an expansion to “die of old age.” Why time alone does not increase the probability of a recession.

Hey, where’s the growth?

Why is economic growth slowing?

“Easy” is relative

The Fed has made it clear that it plans to follow December’s rate hike with further “removal of policy accommodation.” But just how much accommodation is there left to remove?

Comfortably insulated

Britain’s vote to exit the EU has caught markets wrong-footed. We saw firsthand the negative effects of the overhang of macro events earlier this year – China’s slowing growth, falling oil prices and Federal Reserve policy speculation.

Iceberg, right ahead!

There’s a glacier out there. It isn’t going to sink your boat, but it is sitting in the middle of the household balance sheet, freezing the income on savings.
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