Value Architects Q3 2017 Economic Commentary

The US economy is in its eighth year of expansion, making this one of the longest growth cycles going back to the 1850s. Finally, other world economies are picking up steam, shaping up for the first synchronous acceleration in both developed and emerging markets since 2010. This has occurred only twice in the last twenty

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Value Architects Q4 2016 Macro Commentary

“There is no-one on the world stage who can compete with me.” -Silvio Berlusconi “I don’t need to go into office for the power. I have houses all over the world, stupendous boats… beautiful airplanes, a beautiful wife, a beautiful family… I am making a sacrifice.” -Silvio Berlusconi “Vladimir (Putin) is the exact opposite of

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Value Architects Q3 2016 Macro Commentary

“Legislators in Congress are concerned with these first three priorities before anything else, re-election, re-election, re-election.” -Michael Bloomberg Aren’t you glad it’s almost over? In roughly two weeks, the seemingly interminable US political campaign, nowadays truly a blood sport will culminate with the election. The 2016 campaign was announced by Hillary Clinton 577 days before

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Value Architects Q2 2016 Macro Commentary

2Q16 Macro Comments “If economists ruled the world, there would be no need for a World Trade Organization. The economist’s case for free trade is essentially a unilateral case: a country serves its own interests by pursuing free trade regardless of what other countries may do. -Paul Krugman, Nobel Laureate The Summer Olympics just opened

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Value Architects Q1 2016 Macro Commentary

Value Architects Q1 2016 Macro Commentary “I’d call it a new version of voodoo economics, but I’m afraid that would give witch doctors a bad name. -Geraldine Ferraro Some years ago, Mohamed El-Erian the former CEO of PIMCO, one of the largest investment management companies in the world, as well as the former head of

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Fourth Quarter 2015 Economic Commentary

Value Architects 4th Q 2015 Economic Commentary “Courage is being scared to death, but saddling up anyway.” -John Wayne “To think in terms of either pessimism or optimism oversimplifies the truth. The problem is to see reality as it is.” -Thich Nhat Hanh I get very impatient with blanket pessimism, a condition that seems to

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3rd Quarter 2015 Economic Report

Who are you going to believe, me or your own lying eyes? – Chico Marx For China and other governments for whom economic growth is the main guarantee of political legitimacy, the temptation to fudge will always exist. –Financial Times As we look back over our Economic Commentaries of the last four quarters, the overarching

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2nd Quarter 2015 Economic Report

Chicago – a facade of skyscrapers facing a lake and behind the facade every type of dubiousness. -E. M. Forster Oh!Let us never, never doubt what nobody is sure about. – Hilaire Beloc Here in the dog days of summer, I am sure that most of you are growing somewhat weary of the debate as

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1st Quarter 2015 Economic Report

Value Architects 1st Q 2015 Economic CommentaryFinal If there comes a little thaw, Still the air is chill and raw, Here and there a patch of snow, Dirtier than the ground below, Dribbles down a marshy flood; Ankle-deep you stick in mud. In the meadows while you sing, “This is Spring.” -Christopher Pearce Cranch,  

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4th Quarter 2014 Economic Report

Value Architects 4th Q 2014 Economic Commentary “Anyone who believes that exponential economic growth can go on forever on a finite planet must either be a madman or an economist.”- Kenneth E. Boulding “Mathematics brought rigor to economics. Unfortunately it also brought mortis.”-Kenneth E. Boulding There is so much to talk about! The accelerating growth

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