Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory

HSBC

HSBC, One of the World’s Largest Banks, Makes Customers Provide Proof They Need Money Before Processing Withdrawal Requests

Despite the largest position in my personal household portfolio being Wells Fargo & Company, bought when it was practically being given away for free during the stock market crash, I’m at the point where I think the major global banks should be smashed and, here in the United States, at least, restrictions on inter-state banking put back in place so there is wide geographic diversity in deposit institutions to spur competition and prevent the probability of a banking crisis in the event of another Great Depression.

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United States Treasury Department Debt Ceiling

The Debt Ceiling 101 – An Explanation for the Average Person

It’s time we talk about the debt ceiling and what a debt ceiling default would mean for the United States.  I’ve avoided this conversation because I was hopeful we would never end up here, again, after the last round of stupidity.  I’ve also avoided discussing the on-going shutdown of the Federal Government, despite some strong…

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C. Everett Koop

One of the Great Pragmatists of the 20th Century Has Died: C. Everett Koop Passes Away at 96

C. Everett Koop, former Surgeon General of the United States, has passed away.  He was 96 years old.  The devout, conservative, evangelical Christian born the grandchild of German immigrants was one of the great pragmatist of the past few generations, proving that a fact-based, rational approach to life can improve standard of living, reduce disease,…

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Kennon-Green & Co. Global Asset Management, Wealth Management, and Investment Advisory