Publications

November 16, 2017 | eFocus @ Legacy

Cybersecurity Awareness

By Ranee H. Bahn, Audit and Compliance Officer, Legacy Private Trust Company October was National Cybersecurity Awareness Month. In this spirit, want to share with you some of the ways Legacy protects client data and provide helpful tips that you can use at home to protect your private information. Over the past 18 months, our […]

October 31, 2017 | Economic and Financial Digest

The Inflation/Employment Puzzle

Mother Nature upended the economic landscape during the late summer months as Hurricanes Harvey and Irma wreaked havoc along the Gulf Coast. The humanitarian toll was the most troubling consequence of the storms; millions of Americans endured severe property damage, if not outright destruction, while countless others either perished or suffered bodily harm. While the […]

October 23, 2017 | Econtrarian

Where Has All the Inflation Gone? When Will the Fed Ever Learn?

The Fed is “dazed and confused” (with apologies to Jake Holmes) about the lack of goods/services price inflation currently present in the U.S. economy. No matter how you slice or dice the Personal Consumption Expenditures (PCE) Chain Price Index, its annualized growth has not trended above 2% since 2011. How can this be given that […]

September 28, 2017 | Economic and Financial Digest

The Income Spending Gap

While the political version of the “theater of the absurd” continues to run its course, the economy remains in a state of sublime detachment. By now, more than eight months into the Trump administration, it is almost certain that its ambitious tax and spending agenda will either be extremely watered down or fail to see […]

August 21, 2017 | Economic and Financial Digest

Low Recession Risk

In the 1990s economists turned to the 19th century children’s story of the three bears, invoking Goldilocks to describe the U.S. economy. The description was apt, as it painted a picture of an economy that was not too hot or too cold, much like the porridge tasted by the curly-haired girl of the fairy tale. […]