1. 1
2015
Des Moines
Omaha
Lincoln
Kansas City
Chicago
Grand
Rapids
Minneapolis
Memphis
Mason
Dublin
Boca Raton
St. Petersburg
Winter Park
Austin
Norman
Klamath Falls
Medford
Roseburg
Eugene Bend
Pendleton
Lake Oswego
Salem
Portland
Vancouver
Bellingham
Burlington
Everett
Edmonds
Redmond
Bellevue
Seattle
Bainbridge Island
Port Angeles
Aberdeen
Kennewick
Walla Walla Moscow
Lewiston
Coeur d’Alene
Sandpoint
Spokane
Wenatchee
Boise
Twin Falls
Idaho Falls
Pocatello
Logan
Salt Lake City
Midvale
Fresno
Big Bear Lake
Pasadena
Westlake Village
EncinoSanta Barbara
Ventura
Los Angeles
West Covina
Costa Mesa
Newport Beach
Long Beach
Carlsbad
Denver
Gillette
Sheridan
Billings
Havre
W hitefish
Kalispell
Great Falls
Missoula
Hamilton Helena
Butte
Bozeman
LivingstonDillon
Cheyenne
New York City
Baltimore
Charlottesville
Boston
Gardnerville
Editor's Notes
Money is cheap, plentiful
For all the concern about the Fed raising rates, did you know that all but two major central banks (U.S. and U.K.) are still easing monetary policy
This is keeping interest rates low ($ is cheap) and liquidity high ($ is plentiful)
You may get tired of hearing endless speculation about whether and when the Fed will lift interest rates, but interest rates are perhaps the single most important factor for investors to consider today.
They matter to the value of all financial assets, whether it’s real estate, stocks, or bonds.
Our strategists think interest rates are heading gradually higher and we just published a white paper for clients discussing what that means for portfolios.
With all the worry and negative press, you may not realize that U.S. economic activity is making new highs.
GDP ~$16.3 Trillion, up ~$2Tr (13%) since the lows of the 2008-2009 recession.
Growth has been slow and steady; ~2-2.5% per year, in the current recovery
We’ve had quite a run in the U.S. stock market, more than triple the March 2009 lows, and believe we can move higher, but we’ll need an acceleration growth in the economy and corporate profits for the next leg up.
