DuLac Advisory

        Wisdom and Lessons from the Battle of Gettysburg     Several hours into my drive back to New York from the Heartland this past a couple days into 2021, I could not help but notice the sign for Gettysburg, Pennsylvania. Since learning about my father's side service to the Union by my Grandfather when I was a child, I have always found interest in this key period in American history.  After seeing the "Sack on Capitol Hill", I could not help but think of the Gettysburg's infamous, "Pickett's Charge", and what it means for the hope of our Union restoring its civil society and trust in its democratic-republic values rooted in our Constitution. The town has a great college and an even greater history; it quickly rose to prominence in 1863 as it became the terrain of the pivotal battle between the Union vs. Confederate troops. General Lee recognized he was running short on supplies, time, a stable currency, and resources-- Pres. Lincoln had rece...

    Against All Odds: Why the Election is (still) a 50-50 Chance D.R. Scott DuLac Advisory The election analytic firms are estimating a Biden electoral college win with   80-90% probability . From a macro point of view, it is not too surprising given the economic backdrop: the single likely predictor for the winner of the presidency is the state of the economy. In 1980, 1992, and 2000, the United States experienced recessions or just emerging from contractions. Each election experienced a flip in parties within the executive office. What is the economic backdrop for 2020?   Against all odds given expectations this past summer, a couple of green shoots have emerged in 2020 that are providing a floor to the economic question: ·          Record GDP that nearly places America back at flush for the year, ·          Record number of jobs created since the economy bottomed out in July ...