Canceling the Noise; Not by Bread Alone Part V
The Fed raised rates last Wednesday by 0.25%, a very inadequate response to the realities of fast-approaching double-digit inflation. Gone are the days of decisive bold leadership of a Fed led by Paul Volcker. At the same time, expectations are that a peace agreement...
Geopolitical Challenges and Statecraft
As we continue our analysis of Russia and the war in Ukraine this week, we dive deeper into some of the fears that have emerged as a result of the conflict, namely a wider war between Russia and the West, and the possibility that Russia could deploy a nuclear weapon....
CROSSROADS – At the Intersection of Geopolitics and Geoeconomics
Here is a summary of the most important events that unfolded over the last month, and which may affect economic, financial and geopolitical issues in the months ahead: North America In response to Russia’s invasion of Ukraine, the US has launched a series of sanctions...
Weekly Market Update
Global Market News Global equities declineGlobal equities declined again this week as inflation soars, the war in Ukraine escalates, and fears of a recession emerge. The S&P 500 and Dow Jones closed the week down 2.88% and 1.99% respectively, while the Nasdaq...
Canceling the Noise, Not by Bread Alone: Part IV
In this edition of our series, we are focusing on two fundamental questions: Is the market stabilizing given the new reality of growth and inflation?Why has Putin’s delusional madness not succeeded in conquering Ukraine despite Russia’s indisputable military...
The Day After & the Era of Transformation
Introduction: As we continue our analysis of the Russia-Ukraine conflict this week, we re-emphasize the war’s implications for food, energy, trade, and national security. As the West continues to respond, we emphasize cool-headedness and wisdom in dealing with the...
From Augustine and Machiavelli to Hobbes and Putin’s Ukrainian War:Market Regime and the New Balance of Power
Remirro de Orco was made the governor of Romagna by Cesare Borgia for one purpose: to silence rebellious voices and pacify an insurgency. Romero failed, and his body was found in pieces in the main piazza of Cesena in 1502. Machiavelli recalled that “the ferocity of...
Weekly Market Update
Global Market News Global equities continue to fallGlobal equities continued to fall this week as the Russian invasion of Ukraine intensified. The S&P 500 and Dow Jones closed the week down 1.27% and 1.30% respectively, while the Nasdaq dropped 1.76%. The yield on...
Canceling the Noise; Not by Bread Alone – Part III
What can we conclude from a week marked by a delusional war and high volatility, and what should we be preparing for? The first graph below portrays the YTD market performance. More volatility should be expected. The level of cash in accounts should increase, hedges...
Geopolitical Challenges and Statecraft
The balance of world affairs has changed dramatically since the morning of February 24th, when Vladimir Putin launched his invasion of Ukraine. Much of the globe has coalesced against Moscow, with a few actors remaining silent and fewer still voicing outright support....
