The low level of nominal bond yields provides an important offset to the richness of earnings multiples.
POLITICS
Coronavirus: Impact on the Dollar and US Election
Should we think of America as a classically troubled emerging market?
SALON
Consumer & Growth Stocks Salon
The future has been pulled forward creating a decade’s worth of change in just a few months. We gathered this month to identify opportunities and discuss what comes next.
ECONOMY
Where are the Millennials’ homes?
The virus has pulled millions of people back into the homebuying market to look for a home for their families and remote work needs. With inadequate supply, a new construction boom is unfolding.
MACRO
The Rip-Roaring Twenties
The insight from financial history is that we’ve endured the “displacement” and are only now entering the “boom.” The “mania” phase lies well ahead.
