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The Chinese Dragon

Commentary: August 02, 2021 The Chinese dragon cast a shadow over free trade and foreign investment last week. For decades, investors have recognized the investment potential of China. Since the country opened to foreign trade and investment in 1979, its economy has...

Shortest Ever

Commentary: July 26, 2021 Shortest ever. Last week, the National Bureau of Economic Research (NBER) finally announced the official dates for the recession that occurred in 2020. Economic activity peaked in February 2020 and bottomed in April 2020. That makes the...

Rubberneckers and Spectators

Commentary: July 12, 2021 Rubbernecking the Treasuries There was a gapers’ (rubberneckers’) block in financial markets last week as equity investors slowed to see what the United States Treasury bond market was up to. U.S. Treasury bonds rallied last week....

How Close to Normal are We Now?

Commentary: July 06, 2021 The world is about halfway back to normal. The Economist developed the Global Normalcy Index (GNI) to measure the post-pandemic return to normal. In March 2020, the GNI was 35 overall, with 100 being the normal pre-pandemic level. At the end...

Give me an “I”…

Commentary: June 28, 2021 What begins with the letter “I”? Infrastructure Infrastructure is essential and sometimes taken for granted. Pipes carry drinking water to our homes, offices, and healthcare facilities, and carry away sewage and wastewater. Highways,...