Economy
Post Archive
5 Fascinating Things Billionaire David Rubenstein Had To Say
Last week, I had the opportunity to once again interview David Rubenstein at an event in Washington, DC. Most of you know him as the co-founder of The Carlyle Group, one of the most successful private equity firms in the world, as well as a billionaire and a philanthropist. Since our last discussion in 2011,…
Read MoreHow to Think Like a Start Up
Glassman Wealth Services is four years old, and manages $675 million in assets. Yet even now, we still deliberately try to think like a startup — and we think this is key to the firm’s success. A recent conversation with a peer made this clear to me. Find out how and why we maintain our…
Read More5 Reasons Retirees Should be Psyched About Rising Interest Rates
Seniors and retirees may finally get their turn. For years, low interest rates have supported the economy, Wall Street, housing and corporations to the detriment of those who rely on investment income – namely retirees. As most of our clients are near or in retirement, they should be thrilled with rising interest rates. Here’s the…
Read MoreShipping: Globalization’s Lifeblood
From refrigerated freighters and container ships to car carriers and supertankers, the world’s shipping industry has played an incredibly key role in transporting 90% of the world’s food, products and energy while helping to transform the global economy along the way. Each year, some 86,000 ships move more than 9 billion tons of cargo –…
Read MoreRed, White and Bacon Blues: U.S. to Lose Another Iconic Brand
Back in the late ‘80s and early ‘90s, when Japanese companies bought Rockefeller Center and Pebble Beach along with other properties long considered U.S treasures, a collective cry went out that we were losing control of legendary pieces of our history. It just seemed wrong. Fast forward a few decades later, now it’s Smithfield Foods, the…
Read MoreWhy are Emerging Markets Struggling in 2013?
Despite one of the sharpest rallies in US equities in recent memory, emerging market equities have been left curiously behind in 2013. Through last Friday, the market segment was down 1.0%, compared to an S&P 500 index that was up 10.0%. This seems to violate the regime that investors have gotten used to over the…
Read MoreFiscal Cliff Strategy: 3 Tips as Rising Taxes Loom
Regardless of what happens with the fiscal cliff it is likely that taxes will increase at least for high income earners, and any hope of a compromise or solution is likely to drive the stock markets higher. Should you sell and realize capital gains now at potentially lower rates? Are high dividend-paying stocks going to…
Read MoreIs China’s Growth Threatened by the West?
As we head further into the second half of 2012, it is clear that policy from central banks in the US, Europe, and China will drive markets and the global economy. Monetary policy in the US is becoming less impactful, while central bankers in Europe appear unwilling to tackle the enormity of their collective problem.…
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