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Are Negative Interest Rates Losing Their Economic Impact?

By John Swarr | February 18, 2016

This week’s chart intends to capture the divergence between theory and reality in recent central bank actions to lower deposit rates into negative territory. Theory held up in practice in 2014, but recent moves to lower policy rates have not produced the same effects.

The Potential Impact of Greece, Puerto Rico and China on Investments

By Mark Heppenstall | July 9, 2015

What effect might the debt crises in Greece and Puerto Rico, and the downturn in the Chinese stock market, have on investments globally?

Greece, China, Puerto Rico and the U.S. Economy – What’s Next for the Markets?

By David O'Malley | July 6, 2015

The Greek headlines may have been center stage, but the debt crisis in Puerto Rico and the deteriorating stock market in China might have more impact in the intermediate term.

Market and Economic Signals Remained Mixed

By David O'Malley | April 20, 2015

Overall economic indicators remain mixed in the U.S., while concern continues for the performance of the global economy. Last week’s U.S. economic data added to the difficulty in determining the direction of the U.S. economy, with a few indicators pointing to stronger growth and others showing continuing signs of sluggishness.

Definitive Direction on Economy Remains Elusive, but This Week May Tell

By David O'Malley | April 13, 2015

Last week’s economic data, Fed minutes and New York Fed President William Dudley’s comments only added to the questions surrounding the strength of the economy and the timing of any increase in interest rates.

Surprise – The ECB Does Not Disappoint

By David O'Malley | January 26, 2015

The European Central Bank (ECB) did not disappoint the markets with its quantitative easing (QE) program. The new program has a headline value of 1.14 trillion euros and involves monthly buying of 60 billion euros worth of bonds through September, 2016.

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.

Penn Mutual Asset Management’s Economic and Market Review for 2014

By David O'Malley | January 7, 2015

Economies around the world have experienced mixed performance. The U.S. economy has been relatively strong during the year and continues to trend positively.