Guest post by Contributing Editor, Robert P. Seawright, Chief Investment and Information Officer for Madison Avenue Securities.
Critics of the financial services industry (often with good reason) frequently remind consumers that financial products are typically “sold” rather than “bought” and implore them not to fall into that trap. The concept here is that financial products are “sold” — pushed upon a consuming public that doesn’t understand them or perhaps even want or need them. Instead, the alleged basis for their continued vibrancy and ongoing sales is that advisors get paid big bucks to sell them. Continue reading →
This is a guest post by Michael A. Gayed, CFA, Chief Investment Strategist for Pension Partners LLC.
There is a curious disconnect between consumer confidence and retailers.
An under-appreciated phenomenon is happening in terms of economic news and equity performance. For a moment, let’s forget about the wild swings we’ve experienced so far this year in equity markets. Forget about record low Treasury yields. Forget about debt in Europe. Let’s focus on the consumer Continue reading →