Aug 6, 2026 | Monthly Commentaries
“This is a period of watchful thinking, not watchful waiting.” Kevin Warsh Last week, the FOMC voted to keep the policy rate at 3.50%-3.75%. The decision was widely expected, but it would be a stretch to say, ‘it came as no surprise’. Heading into the meeting, the...Jul 9, 2026 | Monthly Commentaries
“If I have made myself too clear, you must have misunderstood me.” Alan Greenspan There’s a new sheriff at the Fed, and changes are afoot. Albeit not the changes President Trump envisioned from his pick for the seat. In his first meeting as Fed Chair, Warsh struck a...Jun 9, 2026 | Monthly Commentaries
“Wall Street indexes predicted nine out of the last five recessions.” Paul Samuelson Canadian Q1 GDP posted another decline, dropping 0.1%, making it two consecutive quarters on the wrong side of zero. Cue the headlines featuring the dreaded ‘R-word’, as the...May 7, 2026 | Monthly Commentaries
“I am not lost, for I know where I am. But however, where I am may be lost.” Winnie-the-Pooh Before GPS, before the blinking blue dot, sailors and explorers navigated the open sea using a method called dead reckoning. The technique is elegantly simple. You...Apr 10, 2026 | Monthly Commentaries
“The four most dangerous words in investing are: this time is different.” Sir John Templeton First and foremost, our thoughts go out to those impacted and affected by the war. One of our most basic human desires is for safety and security, and with that in...Mar 12, 2026 | Monthly Commentaries
‘We tend to overestimate the effect of a technology in the short run and underestimate the effect in the long run.’ Roy Amara (Amara’s Law) Artificial intelligence may be one of the most consequential and disruptive technologies of our time. The challenge...
