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The Unintended Consequences of Tariffs

Global equity returns were excellent in 2017.  Inflation remained low as central banks like the U.S. Federal Reserve and Bank of England increased borrowing costs only gradually.  The economy showed renewed strength in Europe, Japan and many developing nations which...

Appreciating Your Progress

I grew up in a family where work was almost our religion.  My parents both worked outside the home and our evenings, weekends and summers were filled with farming, rehabbing houses, and taking care of rental properties, but Sunday was different. On Sundays we went to...

Unnecessary Risk

The past few weeks have been a roller coaster ride as investors try to weigh the financial impact of the escalating tariff fight between the U.S. and China, with President Trump admitting investors may experience ‘a little pain‘ and China promising to...

A War with No Winners

This is not a political rant.  This is a plea for rational thinking. In 1985 John Cougar Mellencamp’s song Rain on the Scarecrow  he described the loss of family farms across the Midwest and plains states.  President Carter’s decision to stop grain exports from U.S....