From Westphalia (1648) to Vienna (1815) and onto Paris (1919), Bretton Woods (1944), Camp David (1971) and the forthcoming Paradigm Shift: Part IV (final), Rebalancing of Power

In the second book of Aristotle’s Nicomachean Ethics we are confronted with a list of virtues and vices. In that table we read about andreia (courage), sophrosune (temperance), eleutheriotes (liberality), megaloprepeia (magnificence), megalopsuchia (magnanimity),...

Weekly Market Update

Global Market News Global equities slightly lowerThough the market rally continues, global equities were slightly lower on the week. The yield on the US 10-year treasury note changed little, coming to 0.61% at the close of markets on Friday. The price of a barrel of...

Alphabet Soup of Recoveries

“The three most important words in investing are margin of safety.” – Warren Buffett There’s been an alphabet soup of hypothesized recovery patterns over the last two months as the economic consensus came to grips with the impending recession in the U.S....

Weekly Market Update

Global Market News Global equities make gainsGlobal equities made gains this week despite grim economic data reports. However, the yield on the US 10-year Treasury note dropped 11 basis points to 0.62%. The price of a barrel of West Texas Intermediate crude oil fell...

Weekly Market Update

Market Action Global equities performed higher on the week as many hope the coronavirus pandemic is reaching its peak. The yield on the US 10-year Treasury note rose to 0.73%. On the other hand, the price of a barrel of West Texas Intermediate crude oil continued to...