fiscal policy

Global Asset Allocation Update: The More Things Change…

By |2019-02-22T10:08:02-05:00February 22nd, 2019|Alhambra Portfolios|

I haven't written a formal asset allocation update since November so this one will be a little bit of catch-up for non-clients as we did make some minor changes in early January. On January 7th we shifted our bond allocation somewhat to reduce duration. Continuing to hold longer-dated bonds at that point essentially meant betting [...]

Why the Stimulus Won’t Work

By |2008-12-04T19:48:02-05:00December 4th, 2008|Economy|

Good article at Reason by Steve Chapman on why fiscal stimulus won’t work. I covered some of this in this post, but this is a good explanation. There are only two drawbacks to the proposals offered by both the right and the left. First, they would cost a lot of money, either in lost revenue [...]