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We serve utilities, electric co-ops, municipalities, community action agencies, energy contractors, distributors, commercial building owners and many more. Our products help our customers meet their energy and water conservation goals.

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BlackRock (BLK) is the world's largest publicly traded investment management firm. As of September 30, 2016, it had assets under management, or AUM, of $5.1 trillion. This is ~7% of the total assets under management across the globe.

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BlackRock Chief Investment Officer of Global Fixed Income
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Rieder and Brownback argue that today’s investment environment, like a well-fought chess match, holds great complexity; understanding it is vital for investors.

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famously showed a calculation for the complexity of a chess board, resulting in some 10 120 possible game progressions. Indeed, after each player has made just four initial moves there are some 288 billion potential positions that can arise. Similarly, the 2018 “investment chess match” is becoming increasingly complex, as the cyclical turning point described in our April blog post transpires in earnest. In fact, today’s changing investment regime has no precedent, and therefore cannot be adequately analyzed through an historical lens.

In the pre-crisis world, a “normal” cyclical progression centered on real-economy activity that policy makers responded to, and from which financial markets took their cues. Post-crisis, policy makers have targeted the financial economy via immense injections of Marcie medium tote Brown Chloé Discount 2018 Newest PgC7V7iVr
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real-economy response. Moreover, the ubiquitous simultaneous adoption of QE means that local policy initiatives have global impacts. Global liquidity is agnostic regarding its destination, so when liquidity is rising, regardless of its point of origin, a global “crowding-in” to risky investment expressions occurs and vice versa.

The most overt embodiment of this phenomenon occurred during the 2016-17 period, when near $4 trillion of developed market (DM) policy liquidity injections ultimately drove a first quarter 2018 investment narrative of “global synchronous growth.” Ironically, just as conventional wisdom adopted this narrative, the policy tide was turning, as the U.S. Federal Reserve accelerated initiatives to “normalize” monetary conditions and the U.S. Treasury stepped up debt issuance. Thus, in the U.S. the price of money is now rising sharply (short interest rates) at the same time that the quantity of money (the monetary base) is contracting. More recently, a concomitant follow-on of U.S. dollar strength is adding a third dimension to this tightening campaign.

Another layer of complexity is added by growing global divergences in demographics and debt. While the major DM economies all face these secular headwinds, they are at varying stages of this precarious evolution. Japan is furthest along, followed by Europe, with the U.S. having really just begun the process of significant population aging. Accordingly, similar doses of QE-era policy have had divergent local impacts. QE has been most potent in the U.S. where every dollar of post-crisis base money creation has generated roughly $3 of nominal GDP growth. In contrast, base money creation has a roughly 1:1 ratio to nominal growth, while Japan has suffered a negative return on its QE “investment.” As a result, excessive U.S. policy tightening risks undermining the policy goals of its DM central bank counterparts.

Event Details

Thursday is Market Day in downtown Oceanside! From 5pm-9pm, the sun begins to set and the family-friendly Sunset Market comes alive. This outdoor style festival brings together international food vendors,

Thursday is Market Day in downtown Oceanside! From 5pm-9pm, the sun begins to set and the family-friendly Sunset Market comes alive. This outdoor style festival brings together international food vendors, live entertainment and a children’s area – make an evening of it, stay and eat dinner! The market also includes over 100 arts and crafts vendors, making it a wonderful place to purchase the perfect gift or souvenir. Well behaved pets are invited to attend the market. The Sunset Market takes place every Thursday night from 5:00 pm to 9:00 pm at the corner of Coast Hwy and Pier View Way*.

Time

(Thursday) 5:00 pm - 9:00 pm

Location

Corner of Pier and Coast Highway

Pier View Way, Oceanside CA 92054

Main Street Oceanside

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Paint Sip - Bagby Beer Co

12 jul 6:00 pm 8:00 pm Paint Sip - Bagby Beer Co 6:00 pm - 8:00 pm Bagby Beer Co. , 601 S Coast Hwy, Oceanside, CA 92054, USA

Event Details

Enjoy a night out in Oceanside learning how to paint your very own masterpiece while sipping great beer or wine!No matter your skill level, all are welcome every attendee

Enjoy a night out in Oceanside learning how to paint your very own masterpiece while sipping great beer or wine!No matter your skill level, all are welcome every attendee will go home with a worthy painting of their own.

Time

(Thursday) 6:00 pm - 8:00 pm

Location

Bagby Beer Co.

601 S Coast Hwy, Oceanside, CA 92054, USA

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Live Music at the Surfside Tap Room

12 jul 6:00 pm 9:00 pm Live Music at the Surfside Tap Room 6:00 pm - 9:00 pm Surfside Tap Room , 507 N Coast Hwy, Oceanside, CA 92054, USA

Event Details

Join Stomp Sessions for 5 days of SummerSkateboard Camp from 9am-1pm at MLK Skatepark in Oceanside, CA. Stomp Summer Skate Camp uses a progression-based skill roadmap to help beginners learn

Join Stomp Sessions for 5 days of SummerSkateboard Camp from 9am-1pm at MLK Skatepark in Oceanside, CA. Stomp Summer Skate Camp uses a progression-based skill roadmap to help beginners learn the foundations of skateboarding, intermediate skaters progress their ollies, flips tricks and rails and advanced skaters take their skills to new levels with airs, ledges, and flip trick combos. Book before June 1st and get early bird discount. After June 1 prices go up. The daily agenda for the camp is as follows:

Time

(Monday) 9:00 am - 1:00 pm

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MLK Skatepark

4300 Mesa Dr, Oceanside, CA 92057

Stomp Sessions support@stompsessions.com 10925 Pioneer Trail, Truckee, CA 96161

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Trivia Mondays at Hello Betty Fish House

09 jul 7:00 pm 9:00 pm Trivia Mondays at Hello Betty Fish House 7:00 pm - 9:00 pm Hello Betty Fish House , 211 Mission Ave, Oceanside, CA 92054

Event Details

Come to Hello Betty Fish House to test your knowledge with friends and maybe even win some prizes during free pub trivia every Monday night on the rooftop deck.

Come to Hello Betty Fish House to test your knowledge with friends and maybe even win some prizes during free pub trivia every Monday night on the rooftop deck.

Time

(Monday) 7:00 pm - 9:00 pm

Location

Hello Betty Fish House

211 Mission Ave, Oceanside, CA 92054

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Trivia Nights at Pour House

09 jul 7:00 pm Trivia Nights at Pour House 7:00 pm Pour House , 1903 S Coast Hwy, Oceanside, CA 92054-6432

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