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

Macro 2/14/2025

The Capital Cycle: How Supply Drives Markets & Three Sectors Investors Should Watch

Markets follow a predictable boom-bust cycle driven by capital expansion and contraction. Investors often focus on demand, overlooking critical sup...

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Macro 1/24/2025

Trump’s Tariff Policy Explained: Winners, Losers & its Global Impact

Trump’s new tariffs could reshape global trade. With steep duties on China, Canada, the EU, and Mexico, critics warn of inflation - but history tel...

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Macro 1/3/2025

Why China’s Yuan Can’t Replace the U.S. Dollar – The Impossible Trinity Explained

Will China’s yuan ever dethrone the U.S. dollar as the global reserve currency? The Impossible Trinity explains why the challenge is steep. See how...

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Macro 12/27/2024

My Top Three ‘Morning Pours’ of 2024 — Updated with Must-See Insights

Reflecting on 2024 in this special edition of The Morning Pour, we revisit three pivotal themes: the liquidity crunch in the repo market, China's m...

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Macro 12/13/2024

The U.S. Dollar’s Global Dominance: Perks, Pitfalls, and the Peril of Losing It

The U.S. dollar dominates global trade and finance, but its position is not without risks. Learn why its strength persists, the challenges of trade...

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Macro 12/6/2024

Fragile by Design? Why the Euro Struggles to Rival the U.S. Dollar

The eurozone faces growing economic turmoil as Germany & France, its largest economies, stumble. With rising debts, weak growth, and structural imb...

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Macro 11/8/2024

Emerging Markets: The Good, the Bad, and What You Need to Know

Emerging markets have trailed behind developed economies, but their deep valuation discounts present intriguing opportunities. Balancing growth pot...

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Macro 11/1/2024

The De-Dollarization Dream: Why a BRICS Currency Is Still Out of Reach

Despite the hype from the latest BRICS summit, a unified BRICS currency is still a long shot. Economic imbalances and reliance on the U.S. dollar h...

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Macro 10/18/2024

The Rise of Fiscal Dominance: A Tug-of-War Between the Fed and Treasury

As the 2024 elections approach, U.S. deficits are set to rise regardless of who wins. Fiscal dominance - where government borrowing overpowers the ...

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Macro 10/4/2024

China’s Bazooka Stimulus: Can the New Economic Measures Boost Growth and Revive Its Property Market?

China’s stimulus aims to boost growth amid struggling property markets, weak consumption, and mounting debt. Measures include credit expansion and ...

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Macro 9/27/2024

The Dunham Deep Dive: Three Interesting Things I'm Looking At

Mortgage refinancing surges as rates hit a 2-year low, offering savings but with upfront costs that may take years to recoup. Meanwhile, the U.S. s...

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