Midyear Update
The global trade order that has existed for decades is being
disrupted. Several economic indicators are running hot (see Figure
1) even as the current U.S. expansion has begun its tenth year.
Volatility is highe...
Contagion thankfully doesn’t occur in financial markets too
often. But that’s of little comfort to investors right now. With
Turkey teetering on the edge of the abyss, fears are that this
erstwhile emerging market star could dr...