Market Developments and Wildcards
There is little doubt that stock market indicators (besides the rally itself until recently) pointed to a recovery that is better than the one expected by the majority of analysts, economists, and market watchers. The equity markets recovered most of the losses that...Kleptocratic Authoritarianism and the Chinese Dragon
“President Putin is the leader of a great country who is influential around the world. He is my best, most intimate friend”, Xi Jinping, 2018 Hello darkness, I am still looking for useful idiots. The petrostate is at my disposal, so feudalism has been redefined. I no...The Revenge of the Numbers, The Illusion of Theories, and the Delusion of Expectations
Let’s us make no mistake: we are thrilled when the news pleasantly surprises us, contrary to expectations. Rather than the increase in the unemployment rate, more jobs were created in the month of May than the jobs that were lost, (more than 60% of the various...Firepower and Moral Suasion: Market Abnormalities
It was June 20th ,1920 and the eight-year old boy by the name of Abraham Zimmerman experienced the lynching and hanging of three black men in Duluth, Minnesota. Postcards of the hanging were sold as souvenirs. Forty-five years later in 1965, Bob Dylan (Abraham’s son)...Sign Up for Our Publications
