The federal government is dishing out trillions in stimulus dollars. So much money is practically impossible to imagine.  But these debts belong to us all. We need to think carefully […]

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Most of us had never heard of a cytokine storm before a few weeks ago. For those unfamiliar, many patients with coronavirus suffer a “double whammy” when their immune system […]

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Many people had never heard of force majeure before a few weeks ago. It’s often buried towards the back of legal contracts, and typically viewed by business leaders as a […]

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Sometimes investors ask me whether secular stagnation is bad for Alliance’s investments.  In short, the answer is no. The longer answer is that secular stagnation is a macro trend where […]

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If you take the financial news media too seriously, you might think we were on the edge of economic catastrophe. With unemployment at record lows and consumer confidence high, I’d […]

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Jack Welch once said that whichever team sees the world more clearly, wins. In today’s rapidly changing environment, our broad, nuanced, and detailed understanding of risk profiles is a key […]

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The recent controversy over Nike’s Betsy Ross-flag sneaker surprised me. Not very long ago, it would have been pretty strange to imagine that an American flag shoe would be withdrawn […]

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Like pretty much everything these days, views on the economy are polarized. Are we living in an unprecedented economic boom, or a long and painful stagnation? You can cherry pick […]

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It’s not easy to raise and educate a kid these days. The world is getting more complex, and we all have to get more sophisticated just to keep up. Unfortunately, […]

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  Too many people believe in one-size-fits-all solutions to complex problems. With another election cycle spinning up, leaders and pundits are trying to sell us on solutions. I’m looking for […]

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