The Latest
Listen to the Playback of CIO Jason Morad’s 8/10/11 Conference Call
On 8/10/11, CIO Jason Morad led a conference call to address the debt crisis, the state of the financial markets and how we are positioning our investments. Listen to the playback by dialing 760-569-7999 and entering code 919398.
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Governor Deval Patrick Appoints Marcel Quiroga To Salem State University’s Board Of Trustees
Governor Deval Patrick recently appointed Marcel V. Quiroga, of Marblehead, to the Salem State University Board of Trustees. Ms. Quiroga, vice president of wealth management services at Capital Formation Group in Wellesley, was sworn in on June 8, and brings to the board over
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Q2 2011: The Straight Messina
“Time is a great teacher, but unfortunately it kills all its pupils.” -Louis Hector Berlioz, French composer THE STRAIGHT MESSINA Between the eastern tip of Sicily and the toe of Italy’s boot lies a natural whirlpool separating the Mediterranean island from the European landmass
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CFG Sponsors The Mayor’s Cup Regatta
CFG is proud to be a corporate sponsor for The Mayor’s Cup Regatta to benefit AccessSportAmerica this Sunday, July 17th from 9 a.m.- 1:15 at the River Dock on the DCR’s Esplanade near the Hatch Shell. AccessSport is an outstanding organization which inspires higher
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Weekly Market Commentary July 4, 2011
One day there will be an end to Euro-centric crisis news, but until then… Credit default swaps – a hazy term for insurance purchased against debt defaults – for Greek, Portuguese and Irish debt have had a few record days in upward price moves.
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Weekly Market Commentary June 27, 2011
As usual, Greece dominated this week’s news culminating in the Greek parliament successfully passing a medium-term budget bill. Right now, markets are incredibly sensitive to headlines and images of a riot-engulfed Athens and implementation is still an enormous question mark as execution of laws,
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Weekly Market Commentary June 20, 2011
…and the European news rolls on with Germany’s Merkel dropping her demand that holders of Greek sovereign debt extend their maturities, the IMF deciding to postpone the next tranche of emergency funding, Greece’s PM Papandreou sacking his cabinet, Greek citizens continuing to protest and…just
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Weekly Market Commentary June 13, 2011
The year-long saga of Greece nears a crescendo as yields on Greek 2-year government debt have exploded upwards to near 28%, with insurance-like Credit Default Swaps on Greek bonds also trading at record highs. This is a critical moment for the global financial industry
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Weekly Market Commentary June 6, 2011
Fed Chairman Bernanke’s speech at the International Monetary Conference in Atlanta was a highlight of the week. We’re not sure the Chairman gave us a lot of new information but decidedly avoided mention of the next round of Quantitative Easing (“QEIII,” or, “the next
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Weekly Market Commentary May 30, 2011
The debate rages again as to whether the U.S. economy is headed for a second, “double-dip,” recession, or is merely in the midst of a softer patch. Late May/early June manufacturing numbers, employment figures and auto sales all reported below estimates and housing continues
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