The Impact of Monetary Policy on Investing

When making investments on behalf of our clients our views are being shaped by monetary policies both in the U.S. and abroad.

The Taylor Rule

A number of years ago John Taylor, a Stanford professor and noted economist, came up with a formula to guide how our central bank should set and change their interest rate policy in response to changing economic environments in light of fulfilling a dual mandate of low inflation and maximum employment. The formula, known as “The Taylor Rule” is based on the long term equilibrium real interest rate plus adjustments for the difference between current inflation measures and the central bank’s inflation rate target, as well as the current level of economic growth (GDP) compared to economic growth associated with full employment. Although few central banks have an explicit dual mandate, when the Taylor Rule is applied to the central bank interest rate policies of developed and developing countries the conclusions are pretty clear. Developed and developing countries have had interest rate policies that are more accommodative (interest rates lower than they should be) than is necessary to stabilize prices and promote full employment. This accommodative policy has been the case for much of the last decade.READ MORE

Retirement Income Tax Strategies

Retirement, finally!  The time has come to stop working and start enjoying your retirement.  Over the years, you’ve made significant contributions to your retirement account, you have other assets, and, of course, Social Security at some point.  But, like most things, the transition from Saver to Spender is not as simple as turning off your salary and living from your retirement nest egg, there are a lot of questions that need to be addressed:  READ MORE

Entering the Final Quarter of 2012…

As we highlighted in the spring, 2012 has been a good year for the financial markets, equities in particular, and has exhibited much less overall market volatility than 2011.  Although there were no significant year-over-year gains for equity markets in calendar 2011 from the prior year, the fourth quarter strength in common stocks set the stage for a more bullish tone into 2012. Equity markets have been going up of late, thanks largely to some improvements in economic data, including  the September jobs report showed payrolls rising by 114,000 for the month as well as upward revisions in jobs growth for both August and July. More significantly, the unemployment rate dropped from 8.1% to 7.8%, its lowest level since January 20009.    READ MORE

Walk and Roll Event

Come join Coldstream team members for the 2nd annual Walk and Roll event held at Seattle’s Greenlake Park on Saturday October, 6th 2012.   This is our second year teaming up with the Spinal Cord Injury Association of Washington. SCIAW is the Washington State organization for people with spinal cord injuries and for all people committed to helping them.  We hope to see you there.READ MORE

“Standing in the Gap” support from Coldstream

Coldstream team members Hilary, Susan, Carolyn, James, Vince and Kevin have had the opportunity to attend the annual Recovery Cafe event ‘Standing in the Gap’ for the past several years. Introduced to us by a client, the Cafe offers a safe haven for those struggling in the process of reclaiming their lives from addiction. Members are offered a safe place for meals, but most importantly support groups, and activities such as yoga and art classes to name a few.READ MORE

Coldstream Acquires Ascent Capital

Coldstream Acquires Ascent Capital  

Chris Blakeslee joins Coldstream as Portfolio Manager

BELLEVUE — June 28, 2012 — Coldstream Capital Management (“Coldstream”) today announced that it has acquired Ascent Capital, a real estate lending partnership specializing in lending to single family home builders in King, Snohomish and Pierce counties.  Chris Blakeslee, Ascent Capital’s Managing Member, has joined Coldstream as a Portfolio Manager.READ MORE

© 2018 Coldstream Capital Management, Inc. & Rainier Group Investment Advisory LLC d.b.a. Coldstream Wealth Management. All data shown includes information from combined entities. All Rights Reserved.