http://salsa.bbh.com/news/ en-us neil.hohmann@bbh.com, jorge.aseff@bbh.com Tue, 31 Aug 2010 11:02:32 -0500 http://salsa.bbh.com/news/archives/003358.php?insurance=1 An Unsettled Foundation for the Housing Market Residential real estate was the epicenter of the recession and the financial crisis. While the housing sector's contribution to growth has now become very small, its trends remain distinctly negative, casting a pall... http://salsa.bbh.com/news/archives/003357.php?insurance=1 For more information or to RSVP please contact Hope Scibilia at 212-493-7911 or by email at hope.scibilia.com... http://salsa.bbh.com/news/archives/003356.php?insurance=1 Conventional wisdom suggests that during a flight-to-quality episode, government bonds should outperform traditionally riskier securities such as equities and credit-sensitive instruments. Said differently, we would expect both nominal Treasuries (henceforth Treasuries) and Treasury Inflation-Protected Securities (henceforth TIPS) to perform better... http://salsa.bbh.com/news/archives/003355.php?insurance=1 Back to the Wall When Mssrs. Bernanke and Geithner gather for their weekly powwow, the two policy czars must be saying to themselves in private “we have pulled out all the stops, we have exhausted all of our conventional policy... http://salsa.bbh.com/news/archives/003352.php?insurance=1 Speaking of the Fed… Four months ago Chairman Bernanke was facing Congress talking about the Fed’s exit strategy. Last week, the dialogue shifted abruptly amid a confirmed slowdown in economic growth and uncomfortably receding inflation pressures. In his semi-annual testimony,... http://salsa.bbh.com/news/archives/003351.php?insurance=1 In this issue: Inflation or Not - The Investment Consequences ... Partners Bob Gould, Roddy Klotz, and Jeff Schoenfeld examine the timely issue of inflation, and its opposite, deflation. The authors look at the cases both for and against a... http://salsa.bbh.com/news/archives/003350.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/003348.php?insurance=1 Sustainable Recovery or Not? The cycle of monthly economic releases is about to begin once again. Many releases over the past month turned decidedly weaker, calling into question the sustainability of the economic recovery. In particular, non-farm payrolls and retail... http://salsa.bbh.com/news/archives/003346.php?insurance=1 Demographics Are DestinyA Changing World Order For Investors The following keynote address was delivered on June 8, 2010 at the BBH Global Investor Forum held in Beijing, China to celebrate the official launch of BBH’s Beijing Representative Office. Brown Brothers... http://salsa.bbh.com/news/archives/003345.php?insurance=1 When Revenue Bonds Are Stronger Than General Obligation Bonds Conventional wisdom has it that general obligation (GO) bonds are of higher quality than revenue bonds. In the current downturn, the statistics have supported this idea: as the number of defaults... http://salsa.bbh.com/news/archives/003344.php?insurance=1 What’s Not to Like? We have seen a parade of increasingly healthy production and consumption statistics so far this year, but plenty of investors are still viewing the economic glass as half empty. A New York Times headline last Saturday... http://salsa.bbh.com/news/archives/003342.php?insurance=1 Recovery &#8594 Expansion In official economic jargon, a recovery turns into an expansion when the level of GDP surpasses the peak of the prior cycle, marking new heights of national prosperity. We are almost there, following the third quarterly rise... http://salsa.bbh.com/news/archives/003341.php?insurance=1 Several common themes emerged from the most recent quarter’s earnings releases for global P&C reinsurers. After a benign catastrophe year, many companies in the sector reported strong earnings driven by positive underwriting results and a major recovery in investment returns.... http://salsa.bbh.com/news/archives/003340.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/003339.php?insurance=1 In this issue: Timeless Principles at Sea and in Investing... Partner Bob Gould examines what did and did not contribute to some of the severe losses experienced by investors during the tumult of the last two years, and explains our...