In an era of ever improving living standards, it’s hard to believe that growth was non existent for most of human history. But take a look at the very long run – and by that, I mean a few millennia – and that is what you’ll see. The chart below, from a speech by Andrew […]
News & Insights
Where You Stand Depends On Where You Sit…. Literally
This is a bit of a different page for us. The International New York Times (formerly the International Herald Tribune) had two stories, three pages apart on February 20, 2015. They couldn’t deal with more different worlds. The first story is about King Salman, the newly installed king of Saudi Arabia. The ruling families in […]
Measuring the Market
“So how’s the market?” Most likely whoever you ask will tell you how the Dow Jones Industrial Average is doing. The Dow has been around since 1884 when Charles Dow first published a list of stocks in his Customer’s Afternoon Letter. The Index morphed into the Industrial Average in 1896 (see below) and the Dow […]
Thinking… It’s Not as Easy as You Thought
There was a wonderful article in The New Yorker recently (February 2, 2014) titled, “The Pursuit of Beauty.” It is about a Chinese mathematician at the University of New Hampshire who received a MacArthur Award for solving a problem in pure mathematics that has baffled theorists for 150 years. Pure math is done with no […]
Strange Developments Across the Pond
What if someone told you that your savings, instead of making money, actually cost you money? As strange as it may sound, this is what is going on in many European countries today. Instead of paying money on deposits, many central banks are charging fees to hold their big bank customers’ excess deposits. Several high […]
Global Communication and Thoughts From London
I always like to read ‘farewell’ comments by truly exceptional thinkers. When the editor of the single best publication we read (The Economist) retires, we pay attention. John Micklethwait has headed The Economist since 2006. In his farewell editorial (January 31, 2015) he notes that there are two great debates going on in the world […]
Get the Important Things Right
There are only two reasons why an economy grows and only two reasons why stocks go up in price. I know this is overly simplistic, but not by much. An economy will grow if the workforce grows and if each worker produces more widgets per hour (productivity). Historically the US economy has seen work force […]
Globalization: Dormant But Not Extinct
In the late 1990s and 2000s up to the financial crisis in 2008, globalization seemed a powerful inexorable force. The world was becoming more interconnected. Goods, services, capital, and people were moving ever more freely around the globe without regard to borders. The world was getting flatter. Global champions, we were told – whether companies […]
The Case for Commodities
Back in early 2011, the investment thinking around commodities centered on two big ideas. First, commodities would protect portfolios from the inflation that would eventually result from the U.S. government’s seemingly endless easy money policies. The second theory supported by well-respected strategist Jeremy Grantham held that limited supply and insatiable global demand combined would cause […]
CALCPA’s Peninsula Silicon Valley Chapter Mixer
Hanson & Doremus sponsored CALCPA’s Peninsula Silicon Valley Chapter ABC Mixer (for Attorneys, Bankers, CPAs, and other financial professionals) at the Hiller Aviation Museum in San Carlos. The event raises funds to present scholarships to peninsula area students and gives local professionals the chance to network. Eric, Anne, and Julie all attended.
Anne Doremus Coaches University of Vermont Graduate Student Team
Anne Doremus was a coach for the Family Enterprise Case Competition sponsored by The University of Vermont on January 7-9, 2015. Twenty-four student teams from India, Malaysia, Chile, Saudi Arabia, France, Sweden, and the USA presented their business case model writing and analysis. Further information can be found here: http://www.uvm.edu/business/?Page=news&storyID=19949&category=business
Remember the Death of the Dollar?
Back in the depths of the last recession in 2008 the U.S. dollar was considered toast. Everyone was convinced the days of global greenback dominance were over. It was just a matter of time before China would dump its U.S. Treasury holdings and move to a stronger currency. Well, five years later things look a […]
