Jul 13, 2021 | Monthly Commentaries
“Since becoming a central banker, I have learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.” Alan Greenspan Summer has officially arrived and brought with it a healthy dose of optimism. The sunshine and...Jun 10, 2021 | Monthly Commentaries
“The best time to buy a home is always five years ago.” Ray Brown This time last year, the Canadian Mortgage and Housing Corporation predicted that house prices would fall 9 – 18%. They got the magnitude about right, just the direction wrong. Over the past year,...May 12, 2021 | Monthly Commentaries
“Experience is simply the name we give our mistakes.” Oscar Wilde Experience is a great teacher and an invaluable commodity. There is no substitute for it. Or at least that’s what we tell anyone younger than us. The theory being that the more you see and do,...Apr 13, 2021 | Monthly Commentaries
“The only function of economic forecasting is to make astrology look respectable.” John Kenneth Galbraith Who would have thought the market spotlight could shift from Gamestop’s Reddit Army to the mundane world of fixed-income? But with material losses in...Mar 10, 2021 | Monthly Commentaries
“You can’t always get what you want But if you try sometimes, you just might find You get what you need.” The Rolling Stones Over the past few months, we’ve asked hundreds of investors and allocators a very simple question: what do you want from your fixed income?...Feb 5, 2021 | Monthly Commentaries
“After all is said and done, the greatest publicity agent in the wide world is the ticker.” Jesse Livermore Amidst the dreariness and boredom of lockdown life, an army of Reddit traders has captured the public’s imagination. How? By propelling a floundering...
