A Note on Bond Yields, and Monetary Policy: Not Exactly what is Expected
One of my favorite authors is Isaiah Berlin. I consider his anthology of essays by the title “The Proper Study of Mankind” as one of the finest books published in the 20th century. Isaiah Berlin had a notorious ideological conflict with Isaac Deutscher. Their public...Unrelenting Historical Echoes and Markets’ Behavior: Facing an Unavoidable Void?
By Thursday last week we felt that given the markets drop by 5% this year, it was time to put some money to work by investing into companies with strong fundamentals and which seemed to be at a good entry point. We still believe that this will turn out to be a decent...Beautiful Losers Meet Useful Idiots: A Prolegomenon to an Unexpected Price Wave
I did not expect the last commentary to start becoming a reality so soon. In that last commentary I explained that the emerging markets look like prime territory for a crisis. In the last few days we have witnessed significant emerging market turmoil. It started with...On Malaise, Credit Flows, and Historical Roots: The Watershed Period and the Echoes of Tijuana Moods
As noted from these commentary pages before, I believe that we have entered into a watershed period that will determine if in about two-three years the global economic system collapses, or experiences a rebirth. We live in historical times, and for such a time as this...Sign Up for Our Publications
