Blog

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

Macro 4/11/2025

From Trade Wars to Currency Wars: Why the Real Global Economic Fight Is Just Beginning

What starts as a trade war can quickly escalate into a currency war. As nations devalue their currencies to offset tariffs and boost exports, the r...

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Macro 3/28/2025

The Coming Global Monetary Reset: What History Tells Us and What Might Be Next

From gold to floating currencies, the world has seen multiple monetary resets. Now, a proposed “Mar-a-Lago Accord” hints at another shift. Could gl...

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Macro 3/14/2025

The Housing Market Tug of War: A Looming Correction or a New Normal?

The U.S. housing market is at a crossroads. Prices remain high, but affordability is collapsing. Rising interest rates, climate risks, and supply s...

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Dunham Deep Dive 2/21/2025

China's Luxury Slump, Housing Affordability Crisis, and Germany’s Political Shift

China’s luxury boom is fading fast, U.S. homeownership is slipping further out of reach, and Germany faces a political shake-up as the far-right su...

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Macro 2/14/2025

The Capital Cycle: Do Supply Trends Drive Markets More Than Demand?

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

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

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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