Weekly Market Update
Market Action Global equities declined this past week amid signs of slowing US growth. The outlook for slower growth also pushed down the yield on the US 10-year Treasury note 14 basis points to 1.54%. The price of a barrel of West Texas Intermediate crude oil fell...
Crossroads: At the Intersection of Geopolitics and Geoeconomics
Here is a summary of the most important events that unfolded last month, and which may affect economic, financial and geopolitical issues in the months ahead: North America The US House of Representatives has launched an official impeachment inquiry into...
Weekly Market Update
Market Action Global equities were modestly lower on the week, while the yield on the US 10-year Treasury note declined 9 basis points to 1.69%. The price of a barrel of West Texas Intermediate crude oil declined $3 to $55.65 as most Saudi oil production came back on...
The Mispricing of Assets, the Repricing of Expectations, and the Incineration of Reason: Investment Strategy in the Valley of the Missing Link
What do the US and UK political developments as well as the stock market valuation have to do with the Peloponnesian War fought between Athens and Sparta (431-404 BCE)? In all cases, observers want to know the future as unique (possibly extraordinary) developments are...
Weekly Market Update
Market Action Global equities closed higher on the week while the yield on the US 10-year Treasury note declined 8 basis points to 1.78% and the price of a barrel of West Texas Intermediate crude oil rose $3.50 after Saudi Arabia's oil infrastructure was damaged in...
Short-Term Borrowing Crunch: An Aberration or a Signal of Trouble?
In the course of the last couple of days the Fed has been injecting significant amounts of liquidity (to the tune of $75 billion per day) into the financial system. It should be noted that such intervention has not taken place since the days of the financial crisis...
Weekly Market Update
Market Action Global equities rose on the week while interest rates moved up sharply. Easing recession fears and hopes for progress in US-China and Brexit talks helped boost investor sentiment. The yield on the US 10-year Treasury note rose 30 basis points to 1.86%...
A Few Random Thoughts on Economic Structural Integrity: Global Order Meets Finance
The story of humankind has been a long tale of war, tyranny, misery, conflict, and illiberalism. To that extent the recent decades of relative peace and prosperity, along with the rising middle classes and democracy around the world is a historical aberration. From...
Weekly Market Update
Market Action Global equities rose last week as part of a risk-on rally in asset prices due to a slightly brighter outlook for US-China trade talks, receding risks of an imminent no-deal Brexit, and hopes that tensions in Hong Kong will abate. The yield on the US...
Crossroads: At the intersection of Geopolitics and Geoeconomics
Here are some critical issues to watch around the globe over the coming month: North America At the start of the month, the United States (US) announced sanctions on Iran’s foreign minister, Mohammad Javad Zarif, escalating tensions between the two countries....
