◀ The Principal Blog

Being Conspicuous



Ferraris, Mercedes, Rolls Royces, Maseratis, Lamborghinis….just another day at South Beach, Miami, Florida.  I recently spent a couple days there during the height of spring break.  It was obvious that people wanted to be noticed, wanted to be different, wanted to be conspicuous. Many…

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Short and Sharp: Yield curve inversion—a false positive?



Last week, market interest rates dropped and hit the panic button. The three-month to 10-year (3m10y) portion of the U.S. treasury curve inverted for the first time since 2007. History tells us to respect the inversion so it’s understandable that investors are spooked—every U.S. recession in…

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