Blog

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

Macro 7/5/2024

The Labor Market Is Looking Fragile – Here’s What The Mainstream Doesn’t Talk About

Despite strong labor market claims supporting a 'soft landing' thesis, indicators like the Kansas City Fed's LMCI and Sahm Rule show signs of weakn...

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Macro 7/1/2024

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

China’s logistics parks face 20% vacancy as e-commerce slows. Investors see losses from overbuilt properties. U.S. new-home sales hit a low due to ...

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Macro 6/24/2024

The Big Drought: A Global Dollar Shortage Is An Overhang On The Global Economy

Have you heard of a "dollar shortage"? It occurs when a country's USD outflows exceed its inflows, often due to higher import costs or internationa...

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Macro 6/7/2024

Rising Number of FDIC Problem Banks Signals Serious Downside Risks Ahead

The US banking system is grappling with $517 billion in unrealized losses, credit card delinquencies, and commercial real estate defaults. With 63...

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Macro 5/24/2024

A Looming Wall Of Corporate Debt: The Threat of 'Fallen Angels'

There is a large amount of corporate debt, especially from BBB-rated companies, that is maturing in the next three years, posing a risk if downgrad...

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Macro 5/17/2024

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

The Kansas City Fed LMCI shows a weakening U.S. labor market, signaling potential further softening. China's credit contraction pressures the gover...

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Macro 5/13/2024

Economic Crossroads: What Lies Ahead for Consumers as Excess Savings Evaporates?

As excess savings from COVID stimulus evaporate, US consumers face challenges. High credit card debt, BNPL schemes, and rising delinquencies paint ...

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Macro 5/3/2024

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

The US job market showing signs of cooling all around. The Japanese yen hit a 34-year low against the dollar, seemingly triggering government inter...

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Macro 4/26/2024

Trading Shots: Escalating Trade Wars and Echoes from the Great Depression

I've highlighted the looming specter of escalating trade tensions, particularly targeting China. This isn't just about economics; it's about the po...

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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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