Silicon Valley Bust
“On Monday, March 10, the rumor started: Bear Stearns was having liquidity problems.” 15 years later to the day, the FDIC would put Silicon Valley Bank in receivership, marking the second largest bank failure in U.S. history and sending financial markets to reexamine...Canceling the Noise, Not by Bread Alone: Part XX
Since our last commentary in this series, several things have taken place. Let’s recall some of them: Jobs growth (based on January’s number) was much stronger than expected; inflationary pressures exhibited elevated numbers; the economy’s resilience became more...The Anatomy of Underpinning Upheavals: Part I, China and the Balance of Power
Over the course of the next few weeks, we will be discussing the changes we are undergoing on a global scale as well as the forthcoming changes that are affecting all markets and portfolios. Those changes are marked by solid foundations laid below ground level which,...Market Plays in a Machiavellian Garden with Aristotelian Fences
When we read market headlines nowadays, the focus is on inflation and the direction of interest rates. The stickiness of prices, as demonstrated by the slowdown in the decline of the inflation rate, may reflect forces ranging from strong demand, supply pressures, low...From Theranos to FTX: How Fraud Teaches Us Proper Trust
It is remarkable how much we rely on trust to navigate our world. We trust that the person driving the bus is capable and licensed to drive, that the waiter taking our credit card does not use it later to pay for a new Xbox, that the men and women entrusted with our...Sign Up for Our Publications
