Wind in the Willows…

Pay close attention.  While we heard the term “Trade War” a lot during the Trump...Read More

Banks are looking for ways to save themselves.  The process of selling loans to adjust...Read More

One of the strangest things we’ve been hearing over the last several months is the...Read More

It’s easy to underappreciate the effect that increased interest rates really have on the economy. ...Read More

Last week was this quarter’s consumer week in earnings reporting.  Home Depot, Walmart, Target, Foot...Read More

Some cities are a fast fail in today’s lending environment.  We’ve spoken at some length...Read More

It may not always seem it, but the world is returning to some sense of...Read More

Fed, Fed, Fed, Fed, Fed…..everyone has something to say about the Fed.  Whether it’s coming...Read More

The pursuit of profit in down markets has always been difficult.  Academics have searched for...Read More

Anytime an industry is cumulatively down 35% as the Regional Banking industry is right now,...Read More

Last month Los Angeles’ so called Mansion Tax went into effect.  This tax, supported by...Read More

Private financing is moving to the next stage of the cycle and we think it...Read More

No, we’re not talking about wine.  Warren Buffet once famously said, “Be greedy when others...Read More

Even in the wake of a third major bank failure in 2023, the US Economy...Read More

The foreign exchange market is understood by very few people.  Some assume that the dollar...Read More

We’ve written in the past about changing world logistics and the unwinding of globalization/comparative advantage....Read More

WCP celebrated its 6th anniversary on May 5th! It's hard to believe how far we've...Read More

At the end of 2013, BBBY common stock was worth more than $17B.  Today, as...Read More

Workers move for a lot of different reasons.  Some are looking for a better paying...Read More

One of the truly bipartisan efforts in Washington is that of building rural broadband capabilities. ...Read More

Westside Los Angeles Office is a relatively narrow market.  It is also an area of...Read More

It’s been a weird few years for young people.  Millennials have seen the dotcom crash,...Read More

As we’ve noted in the past, when trying to gauge where the economy is going,...Read More

Over the past few weeks, we’ve spoken a bit about the financial creativity of private...Read More

It’s not very often that investors appreciate the IRS, so this is a moment that...Read More

One of the more difficult tasks economists have to face in their careers is gauging...Read More

Last Wednesday the Labor Department released their Consumer Price Index (CPI) data and while these...Read More

The last 20 years have been rough for stock pickers.  Public assets have been under...Read More

Economic cycles always unearth a bit of financial creativity, and no one is more creative...Read More

2022 performance differentials caused and continues to cause investors to rethink some of what they...Read More

At every turn, there is another story about shortages in affordable housing.  Part of that...Read More

With a nod to Mark Twain, the death of the Sunbelt economy and job market...Read More

As one quarter ends and another begins, it’s tough to ignore the best first quarter...Read More

In today’s episode of Regulatory Roulette, we’re reminded of the phrase “Too Big To Fail”...Read More

In the summer of 2022, the Biden Administration, together with Congress, passed The CHIPS and...Read More

We’ll gladly get on board and criticize the Fed for any number of things.  Money...Read More

2022 ended with a giant thud for rent growth.  As can be seen in the...Read More

The Federal Reserve raised Fed Funds Rates another quarter of a point last week to...Read More

Years ago, a colleague/mentor shared a truth about the investment industry that few people stop...Read More

If you’ve been watching Willow Creek Partners operate over the last several years, you know...Read More

The fallout from SVB’s collapse continues to dominate the news, and we could spend the...Read More

It’s not often that we’re going to agree with what Jim Cramer says on CNBC,...Read More

Stephen Squeri, chairman and chief executive at Amex, said in a letter to shareholders.  “Millennial...Read More

In talking about bank failures and SVB/Signature, it’s easy to dismiss the problems as unique...Read More

Last week we mentioned that there would be more to the story of SVB and...Read More

During every economic cycle there is someone who wants to claim that some particular element...Read More

The stories of Silicon Valley Bank and Signature Bank saw the beginning of their end...Read More

Economists love referencing the play “Waiting for Godot”. If you’re not familiar, it is a...Read More

TINA, or There Is No Alternative, has been a common refrain from public market investors...Read More

It probably won’t surprise anyone that private real estate funds had a terrible fund raising...Read More