From the Desk of Our CIO

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

As the consumer goes, so goes the economy. A lot of attention has been justifiably spent on inflation, corporate health, and earnings. At the same time, the consumer is the real driver of the US economy, contributing roughly 2/3 to GDP. So, how are we doing?

Ever wonder how a yield on a loan is determined? Let’s say my neighbor thinks he has the best business idea ever. He wants to borrow $100,000 from me. He needs the money immediately but believes he can secure a bank loan within three months. As a result, I am presented with two options: (1) […]

The United States has thankfully diverted a default by raising our debt limit. Our national debt stood at $31.4 trillion, representing over 125% of GDP

A new world order was established with the conclusion of World War II (“WW II”), with America firmly set as a leader, at least for the “West”, as defined at the Bretton Woods Conference and other similar events.

In one of the largest heists in history, Sir Francis Drake circumnavigated South America in the late 1570s and stole gold, silver, and jewels from the Spanish1 worth close to the equivalent of $1 billion in today’s dollar. He held his plunder in his ship, the Golden Hind, for close to a year as he […]