The following segment first aired on KEDM 90.3.
As Abraham Maslow helpfully pointed out, when you are a hammer, you tend to treat everyone else like a nail.
The world of financial services has become highly specialized also, but the issue is not the superiority of one specialty over another. It is about balance.
So where do you go to find such balance?
A world of specialists in need of a generalist
The Decision After pausing briefly in June, the FOMC decided to execute another rate hike at their meeting in July, which brought the Fed Funds rate to its present range of 5.25 – 5.50%. Speeches by FOMC members leading up to today’s announcement confirmed a bias...
From our colleagues at our sister company, Argent Trust: In this morning’s data, Housing Starts were much less than expected at 1,283,000 in August, which is a -11.3% decrease from the previous month. This figure has fallen well below the 1,427,000 level late in...
From our colleagues at our sister company, Argent Trust: Announced this morning, the Consumer Price Index increased 0.6% in August, as expected and is four-tenths higher than the previous month. It grew 3.7% on an annual basis, above the 3.2% annual level in the...