Deflation

Latest Stories

Inflation Expectations at Record Lows, Despite Global Central Bank Stimulus

By Mark Heppenstall | July 14, 2016

Since the end of the credit crisis, central bankers across the globe have been trying their best to stimulate economic growth and avoid the type of deflationary spiral Japan has been battling for over twenty years.

Is It Time to Panic, or Is It Time to Buy?

By Mark Heppenstall | August 27, 2015

The markets have been roiled over the last few days, driven largely by news from China. The question on everybody’s mind: What does this mean for my investments?

Will the Fed Tightening Happen in September, December or 2016?

By David O'Malley | July 13, 2015

Last week at our Investment Committee meeting, I asked the team to share their expectations for when the Fed would raise the Federal Funds rate.

The Case for Adding Inflation Protection to a 60/40 Portfolio

By Zhiwei Ren | June 18, 2015

Currently, the Fed’s major concern is not inflation but disinflation. As a result, assets that tend to outperform during inflationary environments are all trading at historically attractive levels.

Uncertainty Causes Market Volatility

By David O'Malley | January 19, 2015

Markets don’t like uncertainty, and risk assets typically trade lower and volatility increases as uncertainty rises. This is the environment driving market action in 2015.

10-Year Inflation Expectation: Germany vs U.S.

By Zhiwei Ren | December 23, 2014

The green line is the year-over-year (YOY) inflation expectation for Germany over the next 10 years, and the white line is the inflation expectation for the U.S.

Crude Futures vs 30-Year Bond Yield

By Mark Heppenstall | December 18, 2014

The consensus forecast for 2014 was that improving economic conditions and a shift in Fed policy would depress the price of bonds, but long-term bonds ended up being the best-performing asset class of 2014.



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The material provided here is for informational use only. The views expressed are those of the author, and do not necessarily reflect the views of Penn Mutual Asset Management.

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This material is for informational use only. The views expressed are those of the author, and do not necessarily reflect the views of Penn Mutual Asset Management.  This material is not intended to be relied upon as a forecast, research or investment advice, and it is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy.

Opinions and statements of financial market trends that are based on current market conditions constitute judgment of the author and are subject to change without notice.  The information and opinions contained in this material are derived from sources deemed to be reliable but should not be assumed to be accurate or complete.  Statements that reflect projections or expectations of future financial or economic performance of the markets may be considered forward-looking statements.  Actual results may differ significantly.  Any forecasts contained in this material are based on various estimates and assumptions, and there can be no assurance that such estimates or assumptions will prove accurate.

Investing involves risk, including possible loss of principal.  Past performance is no guarantee of future results.  All information referenced in preparation of this material has been obtained from sources believed to be reliable, but accuracy and completeness are not guaranteed. There is no representation or warranty as to the accuracy of the information and Penn Mutual Asset Management shall have no liability for decisions based upon such information.

High-Yield bonds are subject to greater fluctuations in value and risk of loss of income and principal. Investing in higher yielding, lower rated corporate bonds have a greater risk of price fluctuations and loss of principal and income than U.S. Treasury bonds and bills. Government securities offer a higher degree of safety and are guaranteed as to the timely payment of principal and interest if held to maturity.

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