Probable Paths of Improbable Choices: Scotland, Devolutionary Forces, the EU, and Mr. Market
This Thursday (September 18th), the people of Scotland are called to choose between going alone as an independent state or staying under the umbrella of Britain and the United Kingdom. The pro-independence camp (that advocates a yes vote in the referendum) claims that...Geopolitical Journal: September 14th
Geopolitical Headlines ISIL/Iraq/Syria – President Obama announced the deployment of 475 military personnel to Iraq on Wednesday night to assist airstrikes that have the intent to destroy the terrorist organization known as ISIL or the Islamic State. The...Weekly Market Update
Market Action Equities markets posted poor performance this week in the US and Asia. Little new economic data was released but the momentum for Scottish independence and news of additional military ventures in Iraq weighed on markets. Japan has intensified its easing...On the Infinite Appetite for Self-Destruction and the Unlimited Capacity for Trivialization
We are approaching the time when the ECB will pull the trigger and will start buying paper “assets” (i.e. someone else’s liabilities) in the ultimate hope of stimulating a paralytic EU economy that is devastated by regulations, high taxes, unsustainable debt and...Weekly Market Update
Market Action Mario Draghi poured fuel onto the fire that has been lifting European equities. His announcement of further reductions in interest rates, including an even further negative deposit rate, along with a new program to purchase assets from banks directly...Sign Up for Our Publications
