Commentary

Global financial markets rose in the second quarter on renewed optimism, heavy medication from Central Banks, lack of alternatives and a dash of “animal spirits.”

In the late 1870’s, in Menlo Park, New Jersey, Thomas Edison and his staff were hard at work in his laboratory complex trying to develop an incandescent electric light bulb that was suitable for indoor use.

2013 was a remarkable year for the U.S. stock market, which rose over 30%, making it the best game in town.

Just when you thought it was safe to go out, the politicians are back, threatening to derail the global economy for no good reason.

Ben Bernanke threatens to leave the party and take his magic punchbowl with him.

Is the stock market an oasis of opportunity in a desert of low returns, or just a mirage of Monetary Policy?

Global economy and markets face major cross-currents: slow growth, political paralysis and pervasive pessimism; offset against extraordinary monetary policy, strong corporate fundamentals and reasonable valuation levels.

The “Fiscal Cliff” is a made-—for-—television drama worthy of the Super Bowl or a category 5 Superstorm wrapped into one

Despite looming risks ahead, major intervention by Central Banks has buoyed financial markets, lifting stocks and lowering interest rates.

The absence of effective political leadership and governance in the face of large and growing problems is not unique to the United States.