I remember visiting my uncle’s house in the early ‘90s and watching with fascination as my cousin, 15 years younger, played a Sims game.
From the Desk of Our CIO
Mongol Empire Khagan-Emperor Kublai Kahn wanted to be more like his dad and grandpa, Genghis Khan, spurring on wars that he, unfortunately, did not win. Win or lose though, wars are expensive, and one way Kublai Kahn dealt with those expenses was to print money, increasing the money supply. This resulted in inflation.
There has always been “international” trade of physical goods, knowledge, and concepts. Just two famous examples are the great library of Alexandria, with its goal of collecting books from around the world,1 and the Silk Road, a route that extended from the tips of China to Spain and England.
The job of the Federal Reserve (“Fed”) is to maintain a healthy and stable economy and financial system. Generally speaking, the Fed looks to “ease” or “tighten” conditions as necessary to achieve its initiative.
The average purchase of a residential dwelling in the US consists of 20% down and 80% in loans, typically taken through a mortgage. Given this reality, one should incorporate mortgage rates in properly calculating whether house prices are going up or down.20% down and an 80% mortgage seems like the average based on our research, […]
The China – US relationship used to be quite simple: China produced anything and everything we wanted, cheaply and well-made. And we, the US consumer, purchased it