September 30, 2019

The Financial Landscape – September 2019

Global Macro Environment Global Growth Slowing Economic data in Europe continues to be unpromising. Brexit uncertainty continues to rattle the UK economy. The results led the […]
September 24, 2019

There Are No One-Handed Economists

In the years immediately after WWII, as he sought to implement the Marshall Plan, Harry Truman was quoted as saying: “Give me a one-handed economist. All […]
August 26, 2019

The Value Premium: Is It Different This Time?

All successful investment strategies experience periods of underperformance. It’s prudent at such times to examine whether something has fundamentally altered the source of a strategy’s outperformance. […]
August 19, 2019

The Financial Landscape – August 2019

Global Macro Environment Global Growth Slowing Global economies appear to be approaching stall speed. The Purchasing Managers Index contracted in the Eurozone for the sixth consecutive […]
July 24, 2019

Investors Fight the Last War: Relative Value in Mortgage-Land

The recent past tends to bias our expectations of the future. Nobel Laureate Daniel Kahneman says it’s due to our reliance on what he calls the […]
July 17, 2019

Financial Landscape – July 2019

Global Macro Environment Global Growth Slowing Global economies appear to be approaching stall speed. The Purchasing Managers Index contracted in the Eurozone for the fifth consecutive […]
June 25, 2019

Location, Location…Kilowatts?

On the surface, it might appear the opportunity set in publicly-traded real assets is similar to what it has been in the past – natural resources, […]
June 12, 2019

Financial Landscape – June 2019

Global Macro Environment Cloudy Global Economic Outlook US GDP increased at an annual rate of 3.1% in the first quarter. Healthy spending, accelerating wages and a strong […]
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