Deleveraging –> Baby Steps For Now!

Leveraging did not occur overnight, and the process of “deleveraging” government balance sheets will not happen overnight either. In the aftermath of 2008, the U.S. government recapitalized banks and invested in our auto companies to prevent a financial meltdown and massive layoffs in our manufacturing base. These investments have largely been paid back in full, with.. read more →

What’s Next?

Just a quick note to let you all know what our thoughts and actions are after the past few days. Backing up a couple of weeks, we were steadfast in our belief that the debt debacle would be addressed before the August 2nd deadline and that the GDP and forward looking earnings numbers supported a growth.. read more →

Step Away From the Ledge

Hi Everyone, As we see the recent increase in volatility continue I want to assure you we are evaluating our next move(s) every day, hour, and it seems like minute. Straight forward, no B.S., this is a governance issue! If our politicians (both sides of the aisle) would have put forth a good, legitimate plan.. read more →

Deadlines, Debt Limits, and EARNINGS

Minnesota’s shutdown and the current negotiations in Washington, D.C. surrounding the debt ceiling have been capturing the national and market headlines in recent weeks. They highlight the potential risks of a “policy error” that could severely impact the markets. A potential default by the U.S. Treasury or even a delay in payments could send markets.. read more →

Transitioning into the “New Normal”

Paul McCulley, a managing director at PIMCO, coined the economic slogan “New Normal”. This term signifies a “changing of the guard” for consumers and businesses alike. From 1982 to 2007, the U.S. economy grew at an impressive 6-7% annual clip. This growth was aided by declining and low interest rates. low inflation, financial leverage, and.. read more →

Independence Day

We hope everyone enjoyed the 4th of July and got an opportunity to enjoy plenty of fireworks, barbecue, parades and baseball with your families. Independence Day represents all that is great about the United States as we celebrate the anniversary of our independence from Great Britain. We have come a long way since our days.. read more →