For the past several days, we have seen the stock and bond markets fluctuate wildly on fears that Turkey would spur a much larger debt contagion. At the same time, Turkey's currency, the lira, depreciated violently. Finally, the US...Read More
Traverse Partners exists to serve its clients and help people understand many facets in a complex financial world. How these events, laws, strategies, trends, and structures co-exist can be confusing and intimidating. This blog is designed to be a filter - to break down difficult topics into simple, understandable pieces. Whether its timely market explanations or a crucial piece of financial planning information, we believe education is critical to making well-informed decisions - especially given how important this information is.
The Fed's Powell announced yesterday that the rate range was increased for the second time this year. Remember, the Fed's dual mandate focuses on full employment and stable interest rates/prices. The fact that the Fed is raising rates...Read More
So, the vote has been drawn and the Brits want out. What does this mean? For starters, the European Union (EU) is now weaker and going to have to scramble to stabilize their currency. Longer-term, this may be the straw that, eventually...Read More