Category Archives: Economy

Views from a Top of the Skyscraper Index

On a warm Friday Los Angeles morning in spring of 2016, we found ourselves standing at the busy corner of Wilshire Boulevard and South Figueroa Street.  We were walking back to our office following a client wire brushing for events … Continue reading

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Adventures in Quantitative Tightening

All remaining doubts concerning the place the U.S. economy, and its tangled web of international credits and debts, is headed were clarified this week.  On Monday, Mark Yusko, CIO of Morgan Creek Capital Management, told CNBC that: “…we’re flowing toward … Continue reading

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An Open Letter to William Dudley

Dear Mr. Dudley, Your recent remarks in the wake of last week’s FOMC statement were notably unhelpful. In particular, your excuses for further rate hikes to prevent crashing unemployment and rising inflation stunk of rotten eggs. Crashing Unemployment Quite frankly, … Continue reading

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Recession Watch Fall 2017

Treasury yields are attempting to say something.  But what it is exactly is open to interpretation.  What’s more, only the most curious care to ponder it. Like Southern California’s obligatory June Gloom, what Treasury yields may appear to be foreshadowing … Continue reading

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