The transitory versus permanent debate is over. Inflation rose 6.8% in 2021, the largest increase since 1982. Three things to remember – 1. Inflation is too much money chasing too few goods. It is broad-based, as opposed to localized inflation caused by supply versus demand or product specific. You cannot have inflation without an increase in […]
Patriotism. Love of country. A willingness to serve, and to sacrifice, for the common good. These qualities define the character of our Veterans and are the reason we celebrate them on Veterans Day. In November 1919, following the end of World War I, President Woodrow Wilson proclaimed November 11th as the first commemoration of Armistice […]
I’m hearing about bitcoin every day! What is it? Bitcoin is a private, decentralized, digital currency. Each coin exists, electronically, on blockchain. Bitcoin was developed in 2009 by founder Satoshi Nakamoto. This is a pseudonym for the person (or persons) who developed the first blockchain database. Nakamoto designed bitcoin to be a “peer to peer […]
Gratitude. Cicero called it not only the greatest of virtues, but the parent of all others. Here at the Gracestone Group, we agree. We are ending this crazy year on a high note of gratitude. We appreciate all of you for hanging in there. We appreciate your resilience, your positive attitude and your overall good […]
A Happy Father’s Day Message from Gracestone! Natalie: Here at the Gracestone Group, we love our dads. Dad taught me to find beauty in the outdoors. He introduced me to the music of B.B. King and he showed me how to remain calm under terrible pressure. Helen: Father’s Day is an opportunity to honor those […]
From time to time over the last six weeks, our thinking has returned to the first commentary we sent to you during this crisis: “Nothing beats good preparation.”
“The way to get started is to quit talking and start doing.” — Walt Disney
We hope this post finds all of you well and virus-free. As we study the first quarter and contemplate the reopening of the economy, Walt Disney’s words ring true.
It’s easy to lose a sense of perspective when hit by a surprise crisis. On January 1st, we did not anticipate that dietary habits in the ‘wet markets’ of Wuhan, China would combine with a price war over oil to kill the great bull market that started in 2009. Wet markets (Wuhan) + price war […]
As we embark on another tumultuous week, we want to emphasize a few things to you. We are all in this TOGETHER. We consider ourselves to be partners with you, helping you make the most of your life. We’re here for you in this time of medical uncertainty and financial turmoil. Accordingly, we want to […]
As we close out a tumultuous week, we wanted to reach out to address the current volatility in the markets and to let you know our thinking and thoughts moving forward. Nothing beats good preparation. Our focus on risk when structuring your accounts, before the current volatility, will help the accounts weather this storm with […]