The Tall Tale of Two Tails | April 2023

“The optimist proclaims that we live in the best of all possible worlds; and the pessimist fears this is true” James Branch Cabell After 19 years of pure pain and suffering, Maple Leaf fans finally had a modicum of playoff success to celebrate.  And celebrate they did.  Following a series-clinching overtime goal, and after a collective sigh of relief, the […]

The Other March Madness | March 2023

“Like life, basketball is messy and unpredictable.” Phil Jackson It seems this year, March Madness was not restricted to college basketball, with the excitement and unpredictability of the tournament spilling off the courts and into financial markets.  As the NCAA’s number-one seeds went down, so too did a few banks. In a tournament with a […]

Rate Expectations | February 2023

“Ask no questions, and you’ll be told no lies.” Charles Dickens Boring old bonds have been anything but lately.  Investors that were lured back into fixed income have been treated to some wild bouts of volatility, with the pendulum swinging from one extreme to the other (and in short order). The year began full of […]

What’s Love Got to Do with It? | January 2023

“What’s love but a secondhand emotion?” Tina Turner On the fourteenth day of this month, romantics across the globe will celebrate what Plato once called theia mania, the divine madness.  While the origins of Valentine’s Day lie in ancient Rome, the first evidence of it being a day for lovers is in Chaucer’s 14th-century poem, […]

The 2023 Forecast of Forecasts| December 2022

“An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.” Evan Esar The passage of one year into the next is marked by some interesting customs and traditions.  Americans watch the ball drop, Spaniards eat twelve grapes at the stroke of midnight, and the Danes smash crockery on […]