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COMMENTARY
ICM Commentary offers insight into global and local economic issues
and prepares you for the potential impact they may have on your community and your portfolio.
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Bob Moore
Apr 20, 202212 min read
Closer to the End Than the Beginning
How high will interest rates go? Is a recession coming? What is causing inflation? Will it stick? Is globalization dead? So many questions!
Bob Moore
Dec 13, 201911 min read
What Comes Next? Part Two
Monetary policy as we know it will end with the next recession. Examine debt cycles & monetary policy limits when capitalism deleverages.
Bob Moore
Oct 22, 201915 min read
What Comes Next? Part One
When recession hits and the Fed has run out of bullets, what's next? This three-part commentary sounds the alarm and describes the options.
Bob Moore
Jun 7, 20193 min read
Stairs Up Elevator Down
The May Employment Report has provided further evidence that the economy has downshifted in the second quarter of 2019.
Bob Moore
May 28, 20196 min read
The Mechanics of Callable Securities
Recent market gyrations and Federal Reserve comments have presented a real-world opportunity to review the mechanics of callable securities.
Bob Moore
May 14, 20196 min read
Callable Securities May Be the Biggest Threat to Your Portfolio
This paper illustrates the hazards of purchasing callable securities for public funds investors and their taxpayers. Callable securities...
Bob Moore
Feb 21, 201913 min read
What Would Albert Say?
“If you can’t explain it simply, you don’t understand it well enough.” Albert Einstein As a casual student of Albert Einstein, I enjoy...
Bob Moore
Sep 27, 201810 min read
The Road Not Taken
If you stay with me on a wonkish trip we will walk a path that is not well worn. We’ll be in search of questions few have asked to find...
Bob Moore
Apr 24, 20183 min read
Risking Recession to Fend Off Inflation
The Federal Reserve has tightened credit with a series of six quarter point hikes that began in December 2015. Financial gurus expect...
Bob Moore
Feb 13, 20184 min read
The Escape from Planet ZIRP
Note: ZIRP is an acronym for zero interest rate policy. ZIRP became popular with the financial media after Fed Chair Bernanke cut policy...
Bob Moore
Dec 29, 20174 min read
Every Yield Curve Tells a Story
With apologies to geezer rock fans and 70’s super star Rod Stewart, I’ve altered the title of Rod’s 1971 smash hit, Every Picture Tells a...
Bob Moore
Nov 6, 20174 min read
Let's Go Shopping!
It’s hard to believe but we just blew by Halloween on the fast track to Christmas. As I write there are 54 shopping days left. I’m...
Bob Moore
Oct 13, 20172 min read
Education and Discovery
“Discovery consists of seeing what everybody else has seen and thinking what nobody has thought.” Albert Szent-Gyorgi, 1937 Nobel Prize...
Bob Moore
Sep 18, 20173 min read
Mentorship
What a Mentor Knows It is only fitting that my first blog post be about mentorship. On October 1, 2017 ICM will celebrate our 20th year...
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