Asset Class Return Projections | July 3, 2021

Asset Class Return Projections The higher asset prices rise, the lower the expected return on an asset is. That sounds counter intuitive, but if assets rise to their true value, then the higher the price goes, the less upside there is left, i.e., expected returns are lower. This concept is important as many asset prices […]
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Can the Infrastructure Lure finally Catch Some Funding? | March 20, 2021

Can the Infrastructure Lure finally Catch Some Funding? Infrastructure should be an easy bipartisan issue. How we pay for it is a big sticking point. Getting a bill passed will not be easy. There are few issues that have been discussed as consistently as infrastructure, but with no meaningful result. Most recently, infrastructure was a […]
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Georgia Produces a Blue Ripple | January 9, 2021

Georgia Produces a Blue Ripple The Democrats have won both Senate seats which substantially changes the mathematics in Washington. The Senate is now a 50-50 split, with VP-Elect Harris the tie braking vote, but this is certainly not a carte blanche for Democrats. Much of the legislation listed below will require 60 Senate votes for […]
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Prognosticators Delight | January 2, 2021

Prognosticators Delight The magic of the new year is that prognosticators get to wipe the slate clean and begin anew, and as usual there is no shortage of prognostications for 2021. The more common themes call for a weaker dollar, stronger international markets, a spark of inflation, a rebound in small cap stocks, and the […]
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