Market Fundamentals and Direction, Part II: Caesar, Bach, and the Day After
In the first part of this commentary, we examined two contrasting views of the market’s direction. The one describes a resilient economy. The other raises concerns about economic fundamentals that cannot justify significant equity exposure. As the commentary...The Anatomy of Underpinning Upheavals, Part III: Money, Kant, and the Platonic Shadows
Is there a Kantian Categorical Imperative for change in the international reserve system? A recent article by Bloomberg had the following introductory note: “All around the world, a backlash is brewing against the hegemony of the US dollar. Brazil...Market Fundamentals and Direction: Reflections from the Attic of History, Part I
Reflecting over the last three years leaves us with a puzzling enigma: Is this a different world and a different market than the one we were facing in 2019? Unequivocally, the answer is yes, given the pandemic, along with the fiscal and monetary responses to it, the...Polyarchy at a Time of Geopolitical Cycles: Canceling the Noise, Part XXV (finale)
With the debt ceiling debacle behind us we are closing this series, as we are of the opinion that a new cycle for the American and the global economy is starting. The starting premise of this last commentary is that we need to view economic transitions in cycles that...Sign Up for Our Publications
