Market bifurcation, as discussed in the previous commentary, is not an exclusive right of markets and geopolitical philosophy/practices. Ten days ago, OpenAI (the parent company of ChatGPT) demanded that right […]

It was April 16, 1917, when Vladimir Lenin stepped down from the train at the Finland train station in a triumphant return – after 17 years in Swiss exile – […]

John Locke was the first philosopher of the Enlightenment. His works set the stage for classical liberalism which, in turn, was instrumental in the American and French revolutions. The current betrayal […]

“There’s a retired businessman named Red Cast down from heaven and he’s out of his head He feeds off of everyone that he can touch He said he only deals […]

There are two distinct but inseparable parts in today’s commentary: First, we discuss epochs of transition and relate those transitions to the developments we are witnessing nowadays. Second, we ask […]

Are we experiencing a tragic market filled with pathos and crowned by ironies? Are there objective patterns in the flow of history (and for that matter of market cycles/waves) related […]

Ideological sclerotic politics can lead to tyranny. Adopting inflexible stands in an ever-changing market can lead to portfolio fragility. Ignoring the principle of prudence can inflict instability on both our […]

John E. Charalambakis Herodotus made the call. Dante was on the other side answering the call at 1600 Pennsylvania Avenue. George F. Kennan was summoned in order to break the […]

In the first part of this commentary, we examined two contrasting views of the market’s direction. The one describes a resilient economy. The other raises concerns about economic fundamentals that […]

Is there a Kantian Categorical Imperative for change in the international reserve system? A recent article by Bloomberg had the following introductory note: “All around the world, a backlash is brewing against the […]