The United States is on a fiscal path towards insolvency and policymakers are at a “tipping point,” a Federal Reserve official said on Tuesday...READ MORE.
My Take: Well, this isn’t the most comforting thing to read. Yet, the author does add that he thinks we will avoid insolvency. Though many of us take a more micro focus when investing, it’s important that we keep our eyes on the macro environment. If investors are scared from macro conditions, it’s typically very difficult for even ‘good’ investments to rise above the tide.