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A Simple Explanation of Recent Bank Failures

A Simple Explanation of Recent Bank Failures 150 150 PYGG

The banking industry is experiencing a crisis of confidence as checking deposits are withdrawn after businesses and individuals flooded banks with new deposits during the pandemic. Figure 1 shows deposits at commercial banks rose from $13.2 trillion at the end…

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A warm welcome to Nacha de Jesus

A warm welcome to Nacha de Jesus 150 150 PYGG

We are excited to welcome Nacha de Jesus as new member of our team. Locally, as well as in markets abroad, Nacha hardly needs further introduction. Nacha is an experienced director managing international structures for entrepreneurial and private families as…

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The Curaçao Private Foundation (‘SPF’)

The Curaçao Private Foundation (‘SPF’) 150 150 PYGG

Introduction A Curaçao private foundation is a flexible legal person used by residents and non-residents for asset protection and estate planning purposes. If the foundation generates passive income only, hence does not operate as a company it may enjoy financial…

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Strong Consumer Spending Boosts U.S. Economic Growth

Strong Consumer Spending Boosts U.S. Economic Growth 150 150 PYGG

The U.S. consumer powered strong economic growth during the past two years, supported by wage growth, multiple rounds of fiscal stimulus checks, and access to cheap credit. It was initially spending on goods that lifted the U.S. economy out of…

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Are non-US stocks finally ready to shine?

Are non-US stocks finally ready to shine? 150 150 PYGG

Over the past decade, U.S. investors benefitted significantly by investing at home rather than abroad, as U.S. stocks significantly outperformedtheir international counterparts. As illustrated in Figure 1, an initial investment of $1,000 in the S&P 500 at the end of…

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Home Prices Decline as Rising Mortgage Rates Pressure Demand

Home Prices Decline as Rising Mortgage Rates Pressure Demand 150 150 PYGG

The U.S. housing market is experiencing a significant slowdown after two years of rapid growth. The chart below shows U.S. home prices declined -3.3% during the three months from June through September this year, the biggest 3-month decline since the…

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Recent Stock Market Volatility

Recent Stock Market Volatility 150 150 PYGG

Stock market volatility is rising this year after a relatively calm 2021. Financial markets are experiencing bigger moves up and down as investors navigate a long list of events, including Federal Reserve interest rate hikes, heightened geopolitical risk, and 40-year…

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Wage Inflation Puts Additional Pressure on the Federal Reserve

Wage Inflation Puts Additional Pressure on the Federal Reserve 150 150 PYGG

Inflation remains a closely watched topic in financial markets. Core inflation, which excludes volatile food and energy prices, increased +6.6% year-over-year during September. It was the fastest annual pace since August 1982 and signals inflation’s persistence. Early inflation pressures were…

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PYGG excited about engagement TerraMobile

PYGG excited about engagement TerraMobile 150 150 PYGG

Willemstad – September 21, 2022 – PYGG feels honored and excited about assisting TerraMobile with financial structuring, private- and public placement of securities via the Dutch Caribbean Securities Exchange (DCSX) in Curaçao to finance the rollout of its business plan.…

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Consumers Turn to Credit Cards as Inflation Hurts

Consumers Turn to Credit Cards as Inflation Hurts 150 150 PYGG

This month’s charts examine the trend of increasing consumer credit usage. Figure 1 charts the amount of outstanding revolving consumer credit, and Figure 2 charts the year-over-year percentage growth of revolving credit. Revolving credit, such as a credit card, allows…

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