About Us

BlackSummit is a boutique-style, discrete, independent financial consulting and asset management firm focused on the preservation, advancement, and stewardship of wealth. Our approach is intellectually honest, transparent, disciplined, respectful of capital, and free from conflict of interest.

Our goal is to increase the substantive value of our client’s capital faster than the central banks of the world can depreciate the value of the money used to measure it. Our goal is always first and foremost to preserve the wealth of our clients. We do not measure our performance against an arbitrary index, as is traditionally done, but rather our client’s definition and expectation of a reasonable rate of return required to maintain one’s standard of living or accomplish one’s target level of wealth.

Informed by economic expectations, tested strategies, and several decades of experience, BlackSummit is well positioned with valuable resources to be a dependable advisor to our clients. We seek first to understand our clients and their needs and interests.

We do not pretend to be all things to all people. We aim to add value to what is typically an already valuable situation but needs additional coordination, clarity, management expertise, or valuable economic insight.

May 15, 2013
At the Intersection of Equities Road and Monetary Boulevard: Seeking Collateral Base
Could it be that the over-collateralization and re-hypothecation of paper assets via the derivatives avenue has created a huge hole in the financial system that the monetary authorities are called to fill in order to save the day? If that could serve as o...
May 3, 2013
The Eureka Moment of the EU, Market Cyclicality, and Monetary Aggregates: Approaching a Crossroad
A few days ago Jose Manuel Barroso (President of the European Commission) declared that austerity has its limits. The Eureka moment which says that you cannot add by subtracting finally arrived in the EU. When Archimedes proclaimed the “Eureka” moment...
April 13, 2013
Resilient Markets Searching for Vitality: Incompatible Affections and Inept Detachments
I do not think that we would have had a hard time if we desired to find alarming market signals. However, the message from the markets seems to be a resilient one. This past week new record highs were achieved, while the arch-enemy of fiat money (gold) re...
April 2, 2013
An Attempt to Explain Stagnation, Growth, and Inflationary Episodes in the Post Bretton Woods II Era: The Absorption Framework
I think we are all puzzled by the fact that despite the pumping of credit via monetary reserves in several western nations, we still feel that stagnation prevails and certainly growth is not optimal. At the same time we are still wondering why we have exp...