Impotent Realism vs. Impossible Idealism: Simplicissimus of the Land of Stable Disequilibrium Meets Cardinal Richelieu of the Land of Unstable Equilibrium
The year 1648 symbolizes the beginning of the modern era. Moreover, the Westphalia Treaty signed in 1648 gave us the international state system and became a cornerstone of “laws” governing warfare that has been shaping world affairs ever since. “War is the father of...
Weekly Market Update
Market Action Many of the major equity benchmarks closed more or less flat for the week, while others declined on the week, amid fresh evidence of slowing global growth and less optimism that the United States and China will be able to reach a comprehensive trade...
On Earnings and Economic Prospects: Risks Assessment
Since the beginning of the year, equity as well as debt-related markets have been on an upswing. The concession given by the Fed on rate increases, the truce on trade disputes with China, the stabilization of earnings expectations, and the encouraging news on...
Weekly Market Update
Market Action Global equities climbed on the week, likely thanks in part to a dovish turn by the US Federal Reserve. The shift in tone from the Fed pushed the yield on the US 10-year Treasury note down 7 basis points to 2.69%, weakened the US dollar and supported...
Crossroads: At the Intersection of Geopolitics and Geoeconomics
Here are some critical issues to watch around the globe over the coming month: North America The US government has reopened after a partial government shutdown that lasted 35 days. The Trump Administration has publicly stated that they would prefer to avoid...
Weekly Market Update
Market Action Equities worldwide this week extended their 2019 share price rebound from their December 2018 lows. The yield on the 10-year US Treasury note slipped a couple of basis points compared with a week ago, to 2.78%, while the price of a barrel of WTI crude...
Between Fear and Hope: Let’s Choose Hope
We are at an economic, financial, and political crossroad. That crossroad extends from the East and reaches out to the West. From fear of an economic slowdown in China and its effects on the economies and the markets around the globe, to the fear of Brexit and its...
Weekly Market Update
Market Action Global equities rose significantly this week amid optimism over the potential for a US-China trade deal. The yield on the US 10-year Treasury note rose seven basis points from a week ago and now trades at 2.78%, while the price of a barrel of WTI crude...
Domestic & International Developments: Market Reaction and Assessment
About 45 years ago, a famous song appeared. As the years passed, the song’s popularity grew dramatically. The name of the song was “Brain Damage” and it started like this: The lunatic is on the grass The lunatic is on the grass Remembering games and daisy chains and...
Weekly Market Update
Market Action Global equities moved higher on the week, likely boosted by progress in US-China trade talks and signs that the US Federal Reserve will take a go-slow approach on additional rate hikes. The yield on the US 10-year Treasury note firmed four basis points...
