Author Archives: William Stern

About William Stern

William, Managing Director in charge of business development and human capital, serves on the firm's executive steering committee. William's expertise in sales and organizational management has helped the firm exceed ambitious growth targets year after year. William is devoted to building infrastructure, eradicating inefficiencies, and developing new products and services that keep Cardiff a dynamic force within its markets. One of William's many initiatives has been to increase Cardiff's footprint across the US, penetrating new markets while building stronger relationships with current partners. Before joining Cardiff, William worked for TD Waterhouse as a Learning and Development Counselor for their burgeoning discount brokerage division. Following TDW, William held a key business development post in the Commercial Equipment Finance Division of a California-based leasing company helping to expand market share and annual sales through direct marketing to middle market companies seeking equipment financing and leasing. To learn more about capital markets, both foreign and domestic, William moved to the San Francisco Bay Area to pursue a career with Fisher Investments (FI) as an Investment Counselor in their Private Client Group. William received two degrees of Bachelor of Arts in Castillian Spanish Literature and Political Science from Revelle College at the University of California, San Diego.

Don’t Count Out the Real Estate Rebound Just Yet


The June existing home sales report from the National Association of Realtors showed a pickup in sales to an annualized pace of 5 million for the first time since October of last year. According to Lawrence Yun, NAR Chief Economist, housing fundamentals are moving in the right direction with existing supply helping balance out the market. Even as the housing market improves and prices rise around the country, other economists are worried rising interest rates could derail the nascent recovery.
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Fed Faces Interest Rate Dilemma in October – QE Set to Expire Soon

printed money

Minutes released from the July 17-18 Federal Reserve policy meeting indicate the most aggressive phase of accommodative monetary policy has run its course. A tentative deadline of October was set to shut the door on a highly controversial third round of quantitative easing (QE) that tested the limits of the central bank’s balance sheet.
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Housing: May Real Estate Activity Justifies Renewed Optimism for Some, Worry for Others


The number of US homebuyers who signed purchase contracts shot up 6.1% in May, blowing away market expectations. A number of factors may be at work given that home sales are still below 2013’s levels. Economic weakness felt earlier this year was blamed on a harsh winter, so the rebound may be partially rooted in improving economic activity as buyers and sellers thaw out. But given the often local nature of real estate, weather can’t explain everything. Higher mortgage rates in the first quarter also held the market back. As rates decreased over the past few months, buyers became more aggressive.
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Capital Expenditures May Be Last Cloud Raining on Global Economy


Investors in publicly-traded companies are eager to see them spend some of the cash amassed since the 2008 financial crisis. Not unlike penny-pinchers that survived the Great Depression, US firms turned to saving during the Great Recession. Standard and Poors (S&P) explains that large firms remain unwilling to part with their proverbial security blanket and pacifier in the form of enormous cash hoards. In its annual capex corporate survey, S&P describes that capital expenditures are the “missing link to a better established and self-sustaining economic recovery.”
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US Moves to Loosen Crude Oil Export Rules

US Inflation - Econedlink

For the first time in nearly 40 years, the Commerce Department ruled that two US companies can export condensate, a type of crude oil previously banned from sale abroad. Insiders explain that shipments are likely to be small, but they could serve as a valuable precedent to allow broad exportation of US unrefined oil products. While this appears as the government playing favorites for now, any move to allow markets to function without government intervention should be viewed as positive.
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