It’s Time Again…

It’s Time Again…

In May, I had the opportunity to speak at the Independent Bankers Association of New York State conference.  There were several speakers and varieties of issues were discussed.  Regardless of the topic, all the speakers agreed on one thing-we are looking at an economic downturn in the near future.  A downturn can mean many things for a financial institution including:  Revamping […]

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The Wisdom of Diversified Portfolios in an Age of SMB Uncertainty

The Wisdom of Diversified Portfolios in an Age of SMB Uncertainty

Five months into 2019, the bumper crop of great economic news is enough to burst the walls of a grain silo. Not long after five consecutive quarters of interest rate hikes, the Federal Reserve has projected none for the rest of 2019: a course it underscored on May 1 following its policy meeting.   A record 10-year economic expansion continues […]

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Financial Stability and the Bottom Line Top of Mind for Bankers

Financial Stability and the Bottom Line Top of Mind for Bankers

A new 54-page working paper from the International Monetary Fund isn’t exactly the kind of thing you’ll catch even the most motivated banker reading on the morning commute. For starters, it is chock full of puzzling references to the Cobb-Douglas production function, quantile regression, operational risk shock – and of course, the ever-popular Arellano-Bover/Blundell-Bond system […]

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