Economy

Obamacare’s insurance exchanges

Columbia Management, Investment Team | December 9, 2013

Enrollment is low There is still confusion around plans Where do we go from here? Healthcare.gov’s performance has improved since its re-launch last week, but capacity and communications problems will persist. Through October, the reported number of enrollees in federal and state-run health insurance exchanges remains meaningfully below initial targets. The federal government is running

China’s reform announcement

Timothy Flanagan, Associate Portfolio Manager | November 21, 2013

China has announced significant social and economic reforms. We believe the vague wording and lack of timetables in the announcement should allow for balancing policy changes against short‐term growth prospects. If fully implemented, the plans announced should move the country towards a long-term sustainable growth model. If rolled out gradually, the near‐term effects on growth

Janet Yellen’s Fed

Zach Pandl, Portfolio Manager and Strategist | November 12, 2013

Chair of the Federal Reserve Board might be the most powerful job in global finance, and if Janet Yellen is confirmed, her views will weigh heavily on policy decisions — and influence financial markets — for at least the next four years. Yellen should be considered a dovish central banker, relative to other Fed officials.