We do all our own research, which we share in our Monthly Economic Book, various white papers, macroeconomic and security-specific reports. In fact, we're one of the few wealth management firms that license their own Bloomberg terminal, making self-sourced research the highest priority in order to enhance our independent approach to total wealth management. Please browse reports in our Research Archive sections.

White Papers

The Debt Albatross

By Paul Cantor, CFA, AIF®, CFP®
Chief Operating Officer, Principal

March 2020

The purpose of this paper is to present answers to the questions:
• Does debt matter?
• Will high debt levels cause a huge financial crisis?
• Can we identify how the crisis may develop?
• What policy responses should we expect to see?
• Will this information help us better navigate portfolios through the economic fallout?

These questions are critically important to numerous stakeholders for a variety of reasons. Academics are concerned that current policies are inconsistent with sustained economic growth. Regulators and international financial institutions are concerned that current and future increasing debt levels are harbingers of future crises. Portfolio managers are concerned about preserving client assets in times of crisis while earning acceptable returns during periods of economic growth. Individuals care because their lifetime savings might be at risk.

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White Papers Archive

Research Briefs

2018 First Quarter Earnings Brief

With 93% of S&P 500 companies reporting 1st quarter earnings, revenue growth has surprised to the upside. This is a much-needed sign of the improving economy.

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Research Briefs Archive