When we published our Investment Commentary at the end of February, Russia had just invaded Ukraine. Since then, more than ten million people have fled their homes in Ukraine (a quarter of the country) and an unconfirmed number have died (likely in the thousands). The Western world condemned the invasion and almost immediately instituted economic…
Late last night, Russia launched a full-scale invasion of Ukraine. It’s no secret it has been building up troops with precisely this in mind. Contrary to President Vladimir Putin’s recent assertions that Russia was undertaking a limited “liberation” of separatist regions of Ukraine, he has now opted for a full-scale takeover of the country. So,…
For the 12-month period ending in December, the CPI (Consumer Price Index, a measure of inflation) increased 7%. The past few months have seen the largest increase in this measure in forty years. This was not much of a surprise to anyone and there are more than a few that believe the CPI number actually…
This is the most perplexing labor market in our lifetimes. It’s unclear if there are too many workers or too few. “Help Wanted” signs are everywhere, but the most recent “jobs report” stated that 7.6 million Americans are unemployed and millions more are underemployed (i.e., you have a really miserable job for which you are…
We heard an interesting factoid the other day. But it was one of those moments where you’re somewhat listening and not really paying attention. It said that the Japanese stock market had just hit a 31-year high, which sounds like a good thing. But then we thought, “the Japanese stock market is JUST NOW higher…
