Talkin’ ‘Bout My Generation | December 2017

“Children now love luxury. They have bad manners, contempt for authority, disrespect their elders, and love talking instead of exercise.” Socrates It is every generation’s prerogative to opine on and decry the ones that follow. But instead of shaking their fists and complaining about Millennials, the wiser grey-haired executives are preoccupied with understanding how to […]

Much Ado About Nothing | November 2017

“Doing nothing is very hard to do…you never know when you’re finished.” Leslie Nielsen In a world that values and incentivizes action, ‘doing nothing’ carries with it certain negative connotations. It conjures up images of laziness and complacency or succumbing to inertia and the status quo. But there are often times when doing nothing is […]

Gesundheit | October 3, 2016

Deutsche Bank (DB) has been making headlines and causing tremors in the markets. With flashbacks of the Lehman fiasco and concerns over contagion, investors are justifiably anxious. We thought we would wade through some of the noise and share our thoughts on the situation. Base case scenario Typically, the Department of Justice (DoJ) floats a […]

From Fixed Income to Fixed Loss | July 2016

A Look at Negative Rates For as long as we can remember, zero was considered the lowest interest rates could go. Anyone espousing that they could go lower received as much attention as ‘flat earthers.’ Today, the impossibility of negative rates has become another myth that modern society has debunked. There is currently around $10 […]

There is no Free (Liquid) Lunch | November 2015

The topic du jour in the corporate bond world is liquidity, or more specifically the lack there of. Despite significant growth in the size of the market, it has become increasingly more difficult to buy and sell corporate bonds without moving prices. Many are quick to point the finger at the Volcker Rule and Dodd-Frank […]