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...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...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...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...A Discussion about Crimea and Russia in St. Petersburg: The Eagles’ Echoes
We thought to share with you a piece that we had posted in 2014, almost 8 years ago. We believe It is pretty relevant for the current circumstances. March 20, 2014 I landed in St. Petersburg around midnight. Got into a taxi (an old Volga bought by the driver in former...Sign Up for Our Publications
