
Q2 2024
Point of View
Our perspective on issues affecting global markets.
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Article 1
June 18, 2024
Peeling Back The Layers Of The Onion: A Fed Balance Sheet Update
The next major monetary policy decision will not be when to cut interest rates. Instead, Fed policymakers will decide when and how to slow the pace of quantitative tightening (“QT”). We peel back the layers of the onion on a complex topic.
Article 2
June 18, 2024
In Good Spirits: Where The “Fair Value” For The 10-Year Yield Shakes Out...With A Twist
Investors often want a clear signal for when something is “cheap,” “rich,” or “fairly valued.” Nowhere is that more relevant than today in the fixed-income markets. With interest rates near multi-decade highs, investors want to be comforted that now is the right time to buy. But is it?
Article 3
June 18, 2024
That 90s Show: Can The Remake Live Up To The Original?
Boy band reunions, baggy jeans, and not-so-smart phones—nostalgia for the 1990s is rising. We apply this trend to consider possible paths for the economy in the 2020s.
Article 4
June 18, 2024
From Fossils to Fission
Humanity needs energy. While debates continue on which energy source is the most sustainable, humanity will need more energy as poor countries aspire to the basic living standards that rich countries already take for granted. Explore the two prominent global energy transitions that have already taken place in the past 200 years—can humankind engineer a third?