Baldwin Investment Management
Commentary
Baldwin Investment Management
Healthcare For All…
It is a nice sentiment. It is an altruistic sentiment. It is a naïve sentiment, if it is expected by voters to be accomplished in the near term. In the U.S. we have a healthcare…
Investment Management
Whirlpool Announces…
This commentary is not about Whirlpool, despite the title – but about tariffs. It is about how Whirlpool’s shareholders benefited from increased earnings because of tariffs and how American consumers paid higher prices for both…
Investment Management
Barn Burner…
Investor spirits might have been low at year end 2018 – but certainly that desultory sentiment has dissipated over the first three months of the new year, as markets around the world have climbed almost…
Investment Management
A Rethink and Perhaps a Redo…
A couple of years ago, our British cousins took on a populist vote and elected to remove Great Britain from the great “European Experiment”, the European Union. The English voter declared they were tired of…
Investment Management
Quite A Rally…
Off the bottom have come market prices with a January run for the record books. Why has there been the relief? Predominantly, we think that the news has changed. It has recently become a bit…
Investment Management
EARNINGS BULL MARKET … P/E/ RATIO BEAR MARKET
The first part of the above title has to do with fundamentals. The second part to a large extent has to do with emotions. Corporations around the world, and especially in America, have been doing…
Investment Management
A Rarity and Confounding …
Deutsche Bank has done a study of asset class performance during a year dating back to 1901. Stocks, bonds, copper, burlap, crude oil, iron ore as well as many other assets are part of the…
Investment Management
Rude Health …
Economically, the US is in rude health. Manufacturers are very busy as seen in Chart 1. The Eurozone is also “chuggin’ along” – just not at as rapid a pace. The service economies in America…
Investment Management