Brown Brothers Harriman

Wealth Management Chief Investment Strategist Scott Clemons discusses the recent U.S. employment data, the investment opportunity in the U.S. vs. Europe, and earnings growth on Bloomberg Television's "Inside Track."

Wealth Management Chief Investment Strategist Scott Clemons discusses some of the issues facing Europe and how they are affecting U.S. markets on Bloomberg Television's "InsideTrack."

Chief Investment Strategist Scott Clemons discusses the effect of oil prices on the U.S. economy, as well as some of the energy securities held within BBH managed portfolios on Bloomberg Television's "InsideTrack."

It remains our belief that the Eurozone will make halting headway towards greater fiscal integration, and that the ECB will eventually engage in a European version of quantitative easing, but the reality is that markets move more quickly than public discourse, and events are accelerating with enough speed that time is no longer an ally. The risk of an "accident" has increased. By G. Scott Clemons, CFA

Investors who are underweight their target allocations in equity should take advantage of market weakness to revisit and rebalance their weightings. We furthermore believe that the sharp rise in risk aversion since early August offers the opportunity to invest in high yield fixed income at an appropriate margin of safety, and we are establishing an initial allocation to that asset class. By G. Scott Clemons, CFA

We suggested in our earlier article "Bailouts and Swollen Sovereigns," that political union is difficult and monetary easing is simple. The politics of adjustment and austerity for Greece have proven difficult and fractious even as the monetary response has grown. By Andrew P. Hofer

Debt Crisis Averted, or Prolonged? August 2011 The events of last week, which culminated in Standard and Poor's decision Friday night to lower its rating on U.S. sovereign debt from AAA to AA+, confirm our assertion that the debt crisis has only just begun. By G. Scott Clemons, CFA

The more things change, the more they stay the same, and in the 21st century gold still exerts an allure as a store of value and protection against inflation. By G. Scott Clemons, CFA

Last week a jury in a federal courtroom in lower Manhattan found Galleon hedge fund manager Raj Rajaratnam guilty on 14 counts of insider trading. Over the course of the eight-week trial jurors heard numerous recordings of insiders at companies. By G. Scott Clemons, CFA

On January 1, 2011, the federal gift, estate and generation-skipping transfer ("GST") tax exemptions increased to $5 million per person ($10 million per married couple) and should remain at that level through 2012. By Adrienne M. Penta