Blog

Read our latest thoughts on Estate Planning, Trust Services and Asset Management.

Macro 4/15/2024

They Say Demographics Are Destiny: If So, Things May Look Pretty Bleak

The decline in birth rates poses challenges: an aging population, declining workforce, and strained social programs. Despite efforts, global ferti...

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Macro 3/28/2024

My Top Q1-2024 'Morning Pours' With Must-See Updates

Concerns over auto market dynamics have persisted since January as subprime loan delinquencies surge. Banks also grapple with commercial real estat...

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Macro 3/22/2024

Trade Wars Redux? China's Manufacturing Glut and Its Global Implications

Amid China's economic struggles, it's resorting to aggressive measures. Increasing manufacturing investment to offset property market woes may exac...

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Macro 3/12/2024

Beyond The Politics: Presidential Elections and Economic Realities

Dive into 2024's economic terrain beyond Fed talks: the presidential election looms. As advisors, let's focus on facts, not politics, to guide clie...

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Macro 3/8/2024

Banks on Shaky Ground as Liquidity Dries Up - Here's What I'm Looking At

Rising loan losses, dwindling liquidity, and the Fed's tightening plague banks. With the emergency lending program ending and Fed tightening suckin...

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Macro 3/5/2024

Credit Hangover? Why Rising Delinquencies May Challenge the "Soft Landing" Narrative

Rising consumer debt and delinquencies paint a concerning picture, despite a strong labor market. This article explores the potential economic vuln...

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Macro 2/28/2024

A Dive into the Overnight Reverse Repo Market and The Cracks Within

Dive into the crucial yet overlooked realm of the Overnight Reverse Repo market and its potential implications throughout 2024.

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Macro 2/9/2024

Contagion Effect: Banks Choking on Their Commercial Real Estate Exposure

The commercial real estate market's fragility threatens smaller banks, as shown by NYCB's drastic stock plunge due to Q4-2023 losses. Banks shift ...

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Macro 2/5/2024

“On Borrowed Time?”: Taking A Closer Look at The U.S. Consumer

The U.S. consumer, a key economic driver, displays resilience amid volatility. However, growing concerns arise as recency bias may mask underlying ...

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Macro 1/26/2024

The Commercial Real Estate Crunch: Are Small Banks Sitting on a Ticking Time Bomb?

U.S. banks face a ticking time bomb in commercial real estate, with smaller banks sitting on a pile of souring loans. This market stress is driven ...

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Macro 1/25/2024

The Great Wall of Worry: Is China on the Brink of a Balance Sheet Recession?

China's economy faces challenges: anemic consumer demand, soaring debt, deflation, eroding private business investment, and high youth unemployment...

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