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.

Too Big to Fail?

By |July 25th, 2019|

Remember summer camp? Photo: Becket Chimney Corners YMCA. Source: Wikimedia. In camp we used to sing a ditty about the Titanic, where they thought they’d built a ship that the water could never go through. That’s how the architecture of our banking system seems. Too many parties have too much at stake in the system, so they’ve designed a system so big and so splashy [...]

Fashions, Flocks, and Ballistic Trajectories

By |July 24th, 2019|

Where do fashions come from? Photo: James Santiago. Source: Wikimedia I used to work near a near a big park, where I could eat my lunch on nice days. There wasn’t much litter. Leftover food would be quickly devoured by the swarms of pigeons that hung out there. They would poke about, searching for random scraps that had been left behind. If anyone started to [...]

Getting in Shape

By |July 23rd, 2019|

What’s an active shareholder? Source: Needpix. CC0. An active investor is someone who buys a stake in a company and puts pressure on management to make some sort of change. Their goals can be financial, social, or governance-driven. Common objectives might be increasing dividends and share buybacks, reducing excessive management salaries, or disinvestment from particular countries or activities. 30 years ago these folks were called [...]

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 [...]