◀ The Principal Blog

Posts from the ‘Economic Insights’ category

January Jobs Report – New Jobs in the New Year (Video)



The January jobs report came out on Friday, February 6, 2015. The report showed continued improvement of job growth across sectors in the United States, and a small but meaningful increase in the employment-to-population ratio. A surprising area of growth was in the retail sector, which usually…

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Goodbye Beta, Hello Alpha: The Great Exaggeration of the Death of Actively Managed Fixed Income



Just like the phoenix in Greek mythology that rises from the ashes, the debate over active versus passive management has come back to life, based on the misperception that 2014 was rather a bad year for active management. In reality, only the fourth quarter was a bad quarter for active fixed income…

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