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...The Compounding of Risks: Trade Wars in the Midst of Cheapening Currencies
The risks of an economic slowdown is compounded by trade war rhetoric, a Brexit without a deal, the reduction of short-term rates (Asian central banks lowered their rates in the last couple of days) and the talk about ECB’s new round of monetary stimulus, the...Center for Financial Stability Roundtable Presentation
The Center for Financial Stability (CFS) recently hosted a roundtable discussion on European Central Bank (ECB) monetary policy with Philipp Hartmann. Philipp is Deputy Director General for research at the ECB and one of the founders of its research department....Deglobalization and Disruption Meets Deconstruction: Isaiah Berlin and the Crooked Timber of Trading
Danny Rodrick might have been right after all when he argued in his 1997 book (titled Has Globalization Gone Too Far?) that we should be careful how far we are pushing the boundaries of globalization. Globalization inevitably gave rise to some tensions and facts, such...Xenophon’s Oeconomicus Meets the Rabbits that Got the Guns
In last week’s commentary, we discussed some perspectives of gathering clouds over the short-term horizon (6-10 months). We expressed the opinion that caution is warranted regarding new market highs given that small caps do not follow the rally, and most importantly...Sign Up for Our Publications
