On Foxes and Hedgehogs: Assimilating the Dissimilar while Contemplating the Impalpable and the Imponderable
I boarded the nonstop flight from Miami to Buenos Aires. As in the previous years during this time, it was destined to be an exciting flight. My fellow co-passengers in that specially-designed section of the plane were Montesquieu, Tolstoy, Mordechai, Callias II,...Existential Market Disruptors, Part II: Contemplating Credit and Currency Scenarios for 2015
The purpose of this commentary is not to convey our outlook for 2015. That will be forthcoming in two parts in the next couple of weeks. Rather its purpose is to express some concerns regarding clouds that are gathering in the investment horizon and which are molded...Existential Disruptors Wanted: Markets’ Demarcation Destiny Faces the Sea of Risks
We live in a delusion. We face a sea of risks and we contemplate if we need more debt. This is like asking a diabetic if he needs more sugar. The global economic system faces a good chance of collapse in the foreseeable future and we are wondering if Draghi’s moral...On the Rising Dollar, Crowded Trades, and Market Prospects: The Background to the 2015 Season
We have entered an era where currency values may move markets into uncharted territory. At the same time complacency and the fact that investments are driven by central banks’ moves, has created an atmosphere where investment activity is more reactive rather than...Sign Up for Our Publications
