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Home2018-05-14T12:08:11-04:00

The Global Market Update is curated by Douglas Tengdin, CFA an employee of Charter Trust Company.
The opinions expressed herein are those of the author and do not necessarily represent the views of Charter Trust Company.
Investments may involve investment risk, including the possible loss of value.

Deflation Rules

By |July 22nd, 2019|

The United States was built on deflation. Photo: Derek Jenson. Source: Flikr. CC-BY-2.0 In an era of wars over land and resources – the Spanish Armada, the 80 Years War, the German Peasant’s War – the discovery and settlement of the New World dramatically increased the supply of everything. More land, as pioneers established new lives. More resources, as endless vistas of fields and forests [...]

Booting Up

By |July 18th, 2019|

Remember platform shoes? Source: Pxhere. CC0 Platform shoes were a fashion trend that started in the late ‘60s. They gave the wearers additional height, making them more prominent. Rock star David Bowie wore them when he performed as Ziggy Stardust. So did other pop stars. The fad faded in the mid-‘80s, as people took to a more classic business-like style. But business platforms are huge [...]

The Endless Feast?

By |July 17th, 2019|

What keeps our economy going? Photo: Rita E. Source: Pixabay Ernest Hemingway lived in Paris as a young man during the 1920s. He called it “a movable feast.” The intellectual fellowship he experienced with notable writers and artists like Ezra Pound, Gertrude Stein, F. Scott Fitzgerald, and many others stayed with him for the rest of his life. He could always look back on that [...]

Time is Money

By |July 15th, 2019|

Who owns our work? Photo: Kalhh. Source: Pixabay https://pixabay.com/illustrations/clock-time-time-pressure-dates-276747/ There’s a memorable scene from the bike-racing movie, “Breaking Away.” When a member of a teenage gang of shows up for his first day of work at a car wash, the pushy new boss tells him: “Don’t forget to punch the clock, Shorty.” Offended by his supervisor’s attitude, the young man wraps his hand in a [...]

Baby Investment Returns

By |July 15th, 2019|

Where do investment returns come from? Photo: Françoise Garranger. Source: Pixabay. CC0 For as long as I’ve been investing, people have said to put money into the stock market for growth and to own bonds for stability. And generally, that advice has worked out: the US stock market has returned 10% per year over the past 25 years, while the bond market has earned 5%. [...]

Paying Up?

By |July 12th, 2019|

When did payments become a thing? Photo: Hloom. Source: Flikr.CC-BY-2,0 It used to be, we bought something and handed over cash, and the merchant gave you a receipt and your change. For big purchases you would get a bank check, so you didn’t have to carry cash and the seller didn’t have to worry about getting stiffed. Then we started buying items on the web [...]

Getting to the Truth

By |July 11th, 2019|

How do we know if someone is cheating? Photo: Katie Tegtmeyer. Source: Flikr. CC BY 2.0. That’s the question anyone searching for the truth has to face. Parents want to know what their kids have been up to. Lovers want to know if their partners have been faithful. And investors need to know if the companies where invest have been cooking the books. Finding out [...]

Grilled Bananas?

By |July 10th, 2019|

Do you like exotic food? Grilled bananas in a Thai market. Photo: Igor Ovsyannykov. Source: Fancycrave. My family and I recently watched “Crazy Rich Asians,” a romantic comedy set in Singapore. One of the early scenes was of two couples enjoying “street food,” where Chinese, Indian, Malay, and other chefs set up their food carts and people eat in an open-air market. Singapore’s street food [...]

Fireworks in the Distance

By |July 9th, 2019|

Are you a fireworks person? Photo: NaPhi Media. Source: Flikr. CC BY 2.0. I used to be. I used to love to find the biggest and boldest and loudest fireworks show possible, whether it was on the 4th of July or New Year’s Eve or any other celebration. The show almost always gave me goose bumps. I remember climbing a mountain in New Hampshire with [...]