Just a couple of days ago, the Chinese authorities announced that growth this year is expected to range between 6-6.5%. A number of publications pointed out that this is the […]

Confused perspectives in the last quarter of 2018 created havoc in markets. However, since the beginning of this year the pause in interest rates hiking along with reduced tensions in […]

The year 1648 symbolizes the beginning of the modern era. Moreover, the Westphalia Treaty signed in 1648 gave us the international state system and became a cornerstone of “laws” governing […]

 Since the beginning of the year, equity as well as debt-related markets have been on an upswing. The concession given by the Fed on rate increases, the truce on […]

 We are at an economic, financial, and political crossroad. That crossroad extends from the East and reaches out to the West. From fear of an economic slowdown in China […]

About 45 years ago, a famous song appeared. As the years passed, the song’s popularity grew dramatically. The name of the song was “Brain Damage” and it started like this: […]

 On January 1st, the euro closed a circle of 20 years. The reality is that it remains a significant threat to European integration. The eurozone muddles along from crisis […]

 During 2018, almost all major asset classes experienced declines. As previously commented, many sectors have dropped more than 20% since last September and while safe havens have made some […]

I boarded my usual end-of-year flight yesterday at Boston’s Logan airport. The ticket by itself was unconventional. It simply stated: “Destination at the pilot’s discretion.” That by itself was intriguing. […]

As noted in two previous commentaries (Assessing the Prospects of 2019: Part II and Headwinds vs. Tailwinds: An Initial Assessment of Undercurrent Trends Affecting the Market Outlook for 2019) we […]