The history of Argentina from the mid-1800s to today is a tale of two countries. It was the best of times from the mid-1800s to 1930, and it was the worst of times from 1930 to present. Our job is to manage investment portfolios to meet the financial needs of clients, and we strive to avoid talking about politics but have occasionally opined with our view on the ramifications of current or potential governmental policies. There are interesting examples of some weighty current

The first half of 2025 saw the biggest decline in over 50 years of the U.S. dollar (USD) compared to a basket of global currencies. 1...

There was much handwringing surrounding the tariffs introduced during Trump’s first term. We feel much of the handwringing had to do with...

After the decline in 2022, we wrote that usually one of two things happened in the year following a decline in the S&P 500. Either the...

Fluctuations in population necessitate innovation We continue to think that population dynamics are the most important economic variable...

As bottom-up stock pickers, curiosities often draw us to think about structural intricacies often ignored by top-down macroeconomic...

2024 is a presidential election year, and we expect it will continue to be an interesting year in politics. It is important to remember...

This time last year, we were wondering what might be in store for 2023 after an ugly 2022. We shared a historical perspective of what...

Our preceding quarterly essay (July 2023) was the first in a series on what effects population growth might have on the markets. These...

In a 2015 quarterly essay we did some basic analysis on the potential drivers of economic growth. We found support for the notion that...