Stewardship

Crowded Out

06/13/18

A quiet, corrosive, and profound financial crisis is upon us. This year, the United States Treasury will pay over $300 billion in interest payments on our debt held by the public. That amount is... Continue

Sherlock Holmes and the Case of the Capital Markets

12/04/12

There was a knock on the door of 221B Baker Street, where the nameplate above the buzzer read “S. Holmes.” A woman opened the door, showing in a sullen, heavily cloaked figure. She was accustomed... Continue

Giving Credit Where Credit is Due

11/28/11

Dear Friends, This week, we forward you a letter recently written to our good friend, Credit Markets, someone who has been taking a beating of late and yet one who has made a tremendous difference in... Continue

Sub-Standard & Poorly

08/06/11

Yesterday’s Syntrinsic Commentary spoke to the larger implications of an unsustainable approach to capitalism, specifically, capitalism that requires inexhaustible credit to function. Today, as... Continue

Once Upon a Balance Sheet

06/27/11

Once upon a time, there was a balance sheet. It belonged to a mighty nation in the Western Hemisphere that had grown wealthy and powerful. Its people traversed the globe with confidence and bold... Continue

(Good) Governance

04/06/11

If one were to pick a single word to capture the essence of the 1960’s, it might be “ferment,” or “struggle.” The 1970’s could be embodied by “malaise” or “despair”. For the... Continue