http://salsa.bbh.com/news/ en-us john.p.nelson@bbh.com Mon, 29 Jun 2009 15:44:36 -0500 http://salsa.bbh.com/news/archives/003302.php?insurance=1 Who Said Muni Bonds Were Boring? The unprecedented strains in credit markets over the last two years have reached into literally every corner of the U.S. financial markets, proving that even the “mom and apple pie” investment-grade municipal bond... http://salsa.bbh.com/news/archives/003301.php?insurance=1 The Big Round Trip At this week’s investment team meeting, one of our traders observed that Investment Grade Corporate spreads had fallen to levels last seen exactly one year ago. What a long, strange (round) trip it’s been. There was... http://salsa.bbh.com/news/archives/003300.php?insurance=1 Supply > Demand = &#8595 Prices Things aren’t going according to the Fed's plan. By committing to purchase up to $1.25 trillion Mortgage Backed Securities (MBS), $200 billion Agency debentures, and $300 billion of Treasuries — or $1.75 trillion in... http://salsa.bbh.com/news/archives/003299.php?insurance=1 Made as Instructed Are the "Stress Tests" really a Walk in the Park? The Federal Reserve released the results of its Supervisory Capital Assessment Program (“SCAP” or, as it is more commonly known, the “Stress Test”) ten days ago. It... http://salsa.bbh.com/news/archives/003296.php?insurance=1 Read Adrienne Penta and Lauren Wolven's article in the February 2009 edition of the Illinois Bar Association newsletter Trust & Estates Click here for a pdf of the newsletter.... http://salsa.bbh.com/news/archives/003295.php?insurance=1 Connecting the Dots Massive macro shifts are underway in the U.S. economy, with far reaching implications for relative valuations in the fixed income markets. It has been our view that the enormous financing requirements of the U.S. government would pressure... http://salsa.bbh.com/news/archives/003294.php?insurance=1 Opportunity Knocking The expression — “don’t fight city hall” — is a reminder that government often gets what it wants. Right now, U.S. policymakers are determined to accomplish four simultaneous goals: restore a sustainable growth trajectory, restore health to... http://salsa.bbh.com/news/archives/003289.php?insurance=1 Also known as living trusts, these trusts generally are used to avoid probate, to simplify administration of assets in the event of death or incapacity, and to afford privacy to an estate plan. They are a powerful tool frequently used... http://salsa.bbh.com/news/archives/003272.php?insurance=1 Investor View, Quarter 2, 2009 is now available. Private Wealth Management is pleased to announce InvestorView, our newly rebranded quarterly journal. Formerly known as the Wealth Management Quarterly, InvestorView intends to provide useful information and thoughtful commentary on the markets... http://salsa.bbh.com/news/archives/003244.php?insurance=1 Brown Brothers Harriman & Co. (BBH) announced today the hiring of an experienced trust professional as part of the Brown Brothers Harriman Trust Company, N.A. to support the New York Wealth Management practice. http://salsa.bbh.com/news/archives/003271.php?insurance=1 Attached please find our Fixed Income Quarterly market review. Please click here to open document in PDF format.... http://salsa.bbh.com/news/archives/003273.php?insurance=1 A discussion of the concept of margin of safety – an integral component of the Core Select investment strategy, which guides both the qualities we look for in a business and the price that we pay for that business. Enhancing... http://salsa.bbh.com/news/archives/003270.php?insurance=1 It has been our view that a recovery in the U.S. economy must be supported by healthy banks who are willing to expand their lending, and that banks must first shed their toxic assets and attract new capital for any... http://salsa.bbh.com/news/archives/003275.php?insurance=1 A Prudent Way To Invest by Rick Witmer and Tim Hartch, BBH Core Select Co-managers This article focuses on the criteria we use to analyze businesses and why we believe companies meeting these criteria are well-suited for creating and protecting... http://salsa.bbh.com/news/archives/003269.php?insurance=1 Brown Brothers Harriman & Co. (BBH) today announced the appointment of two new partners, Geoffrey M. Cook and Kevin W. Stone, effective January 1, 2009. Please click here for pdf....