Full Employment: Are We There Yet?

  A recent Pew Research Center poll showed that only about 19% of Americans trust their government. This is a historically low level for the measure, which shockingly at one point in the 1950s actually reached the 70% range. There are undoubtedly a myriad of...

Are We in a Lower Return Environment?

In recent meetings with clients, we have often presented a graphic that shows the average annual returns of the U.S. stock and bond markets from 1986 to today. Why that particular 30-year time period? Because it almost exactly corresponds to my career in the...