Market Perspective, Verisimilitude, and Punishment: Lessons from Euripides’s Electra
During a recent trip overseas, a client asked me why I admire Edmund Burk. The question should not have caught me by surprise as we frequently discuss the impact of politics on the markets, but my immediate reflection/answer was to quote W. B. Yeats whose poem “The...Reopening & Execution Risks: Earnings Expectations and the New Wave of Innovations in Historical Perspective
The reflation trade that started in late 2020 and uplifted the fortunes of banks, energy, and small cap stocks might be experiencing a pause lately. However, as shown below, the earnings expectations for the full year are robust and strong. The fact that the leisure,...Considering the Economic & Portfolio Costs of Free Money: Modern Monetary Theory (MMT) & Practice
By: John E. Charalambakis & Dale Ahearn Monetary theory, which posits that a change in money supply is the main driver of economic activity, has played a central role in attempts to manage the economy. The three main levers used by the Federal...When Isaiah Berlin Dined with Vladimir Putin: International Diversification and Intelligentsia at a Time when Dreams of Subjugation Converge in the Twilight Zone
When Isaiah Berlin sat down to draft some thoughts about his forthcoming dinner meeting with Vladimir Putin, he contemplated if the focus should be on a single theme (like it was with Xi Jinping when they met), or whether he should let the discussion flow, given the...Sign Up for Our Publications
