“What’s right about America is that although we have a mess of problems, we have great capacity – intellect and resources – to do something about it.” Henry Ford II (1917-1987) “The perfect beaureaucrat everywhere is the man who manages to make no decisions and escape all responsibility.” – Brooks Atkinson (1894-1984) Download PDF Version [...]
“You will find that the truth is often unpopular and the contest between agreeable fancy and disagreeable fact is unequal. For, in the vernacular, we Americans are suckers for good news.” Adlai E. Stevenson (1960-65, former Illinois Governor and UN Ambassador) Download PDF Version Most people I believe are inherently positive and optimistic. After a [...]
Market Pulse Despite headwinds, the markets have managed to move higher this year. However, it appears they are priced for perfection. Since we do not live in Utopia (perhaps Utopia, Texas), we have anticipated a pullback in the equity markets. We expect it to be more of a correction than a widespread downturn. The following [...]
Greek Salad or Sauerkraut? Download PDF Version If Greece wishes to remain in the euro, it seemingly will cost them their sovereignty. Germany is pushing for Greece to transfer national budgetary sovereignty in exchange for another lifeline of rescue funds. Greece is on a rather slippery slope. The country is already in recession and is [...]
Author: Troy Gayle CFA, CAIA Chief Investment Officer Click here to download a pdf of this article. Deleveraging……No Pain, No Gain The level of debt accumulated by developed nations, both in the public and private sector, has raised the standard of living to a level that would have been unimaginable just a couple generations ago. In the [...]
Author: Troy Gayle CFA, CAIA Chief Investment Officer Click here to download a pdf of this article. “Success is relative. It is what we can make of the mess we have made of things.” T.S. Eliot The Eurozone could certainly be referred to as a mess. This weekend, the Greeks and private investors are re-negotiating the 50% [...]
