Publications

October 23, 2018 | eFocus @ Legacy

Three Questions

By: Kathy Brost, Trust and Financial Advisor, Legacy Private Trust Company I talk to a lot of people about what they want to do with their lives. For those who are still working, it usually becomes a discussion of what they want to do when they retire. My friends, our clients, my family—people in their […]

October 20, 2018 | Economic and Financial Digest

The Road Ahead Will Get Bumpier

The economy is closing in on the best year for growth in more than a decade, and household and business spirits are understandably upbeat. Workers have enjoyed 95 consecutive months of job growth, the longest stretch on record; wages are finally starting to rise at a faster clip; and personal finances continue to improve, with […]

October 10, 2018 | Econtrarian

The Flattening Yield Curve – Is It Different This Time?

Back in mid-December 2016, the Fed started raising the federal funds rate by 0.25 of a percentage point per quarter. So, the federal funds rate has risen a cumulative 1.50 percentage points since then. When the Fed began these quarterly federal funds hikes back in mid-December 2016, the difference, or spread, between the yield on […]

August 15, 2018 | Economic and Financial Digest

Don’t Fear Inflation

There’s a lot to like about the U.S. economy’s performance. It just completed the strongest quarterly growth rate in nearly four years, the job market is rocking, corporations are enjoying record profits, stock prices are up and consumer confidence remains elevated. Indeed, the party is going so well that the Federal Reserve is taking away […]

July 30, 2018 | Econtrarian

One Simple Policy to Simultaneously Strengthen Your Currency and Weaken Your Exports

If a policymaker wanted to simultaneously strengthen the foreign exchange value of a country’s currency and weaken the country’s exports, that policymaker would be advised to impose tariffs on the country’s imports. This is the policy prescription I gleaned from reading Dartmouth College Professor Douglas A. Irwin’s 30-page monograph, “Three Simple Principles of Trade Policy”. […]