Aug 12, 2021 | Monthly Commentaries
“Inflation is when you pay fifteen dollars for the ten-dollar haircut you used to get for five dollars when you had hair.” Sam Ewing Every now and then it would be nice to have a crystal ball. As complete and utter bond nerds, one of the questions we would be asking...Jul 13, 2021 | Monthly Commentaries
“Since becoming a central banker, I have learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.” Alan Greenspan Summer has officially arrived and brought with it a healthy dose of optimism. The sunshine and...Jun 17, 2021 | Notes from the Desk
Yesterday’s meeting and announcement was far more interesting than excepted. There were very subtle hints that the Fed is changing its view on the timing of hikes. First the obvious: View has shifted to two hikes in 2023 from no hikes at the previous meeting Nearly a...Jun 10, 2021 | Monthly Commentaries
“The best time to buy a home is always five years ago.” Ray Brown This time last year, the Canadian Mortgage and Housing Corporation predicted that house prices would fall 9 – 18%. They got the magnitude about right, just the direction wrong. Over the past year,...
