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...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...Contemplating the Ramifications of a Slowdown
Last Friday’s trade war escalation may not be substantial in terms of GDP impact but could indicate a turn in the ongoing trade disputes and may inflict significant damage in business, investment, and consumer confidence. Such particular development in the midst of an...At the Crossroads called Hellespont: Recessionary Fears Meet Unapologetic Optimism
The year was 480 B.C.E. and Xerxes (Persia’s king of kings) had gathered his troops and his fleet in the place known as Abydos, a town on the Asian side of the Hellespont, where two continents (Asia and Europe) meet fours seas at a critical intersection where the...Another Perspective on the Recent Market Turmoil: Squandering the Stewardship of the International System
T.S. Elliot pronounced that Virgil’s Aeneid was a universal classic since the poem reflects the foundation of how you create and preserve a world system. The Aeneid displays in a powerful way the role that Rome played as a steward of such an international system. One...Sign Up for Our Publications
