September’s Market Turmoil: Identifying the Causes
September – following a long tradition – turned out once again to be a month marked by market turmoil. As it can be seen below, the markets closed down between 4.6% (S&P 500) and 5% (Nasdaq). Source: Koyfin What were the causes then for the market drop and could...The Shadows and our Prisoners’ Reality: Plato’s Cave and Energy Prices
John Charalambakis & Joel Fingerman The world experienced a creative ascent in the mid to late 15th century that culminated in the first half of the 16th century. If Renaissance marked the birth of the modern world, then Marsilio Ficino and his translation of...When Leo Caprivi Replaced Otto von Bismarck: Bellicose Transitions, Pivots, and the Markets
The world got almost everything wrong about Xi Jinping prior to 2012 and even a few years after Xi took over China’s leadership. By 2017, it was clear that the Chinese dream of subjugating the rest of the world to its illiberal image would turn ugly in its domestic...Digital Currencies, T.S. Eliot, and the Land of Endless Money: Part II
In our August 10th commentary we touched on the parallels between T.S. Eliot’s poem Waste Land and the rehypothecation of assets/bonds (a dangerous endeavor that could undermine financial stability). Furthermore, the subliminal statecraft messages derived from T.S....Sign Up for Our Publications
