Deep Dives
Deep Dive from Davos
The Western world is in danger, and it is in danger because those who are supposed to defend the values of the West are co-opted by a vision of the world that inexorably leads to socialism and, thereby, to poverty.
Unfortunately, in recent decades, motivated by some well-meaning individuals willing to help others, and others motivated by the wish to belong to a privileged caste, the main leaders of the Western world have abandoned the model of freedom for different versions of what we call collectivism. We are here to tell you that collectivist experiments are never the solution to the problems that afflict the citizens of the world. Rather, they are the root cause.
Deep Dive: The Rise and Fall of China
The U.S. and China are meeting in San Francisco. Shifting macroeconomic fortunes and geopolitical challenges concerning security, technology, trade, and military conflict in Ukraine, Gaza, and Taiwan, will feature prominently, as will the military alliances the Chinese are nurturing with Russia, Iran, and North Korea.
Deep Dive: The danger of a higher structural shift in interest rates.
The subject of this week’s deep dive is the shambolic state of U.S. government finances and the danger of a higher structural shift in interest rates.
Deep Dive: The danger of a higher structural shift in interest rates. Read More »
Deep Dive: Interest Rates and the Bond Market
In 2001, Jim O’Neil of Goldman Sachs coined the acronym BRIC to define an asset class for promoAng
investment through Goldman, of course, into Brazil, Russia, India, and China.
Shallow Dive: Parsing the Fed
In 2001, Jim O’Neil of Goldman Sachs coined the acronym BRIC to define an asset class for promoAng
investment through Goldman, of course, into Brazil, Russia, India, and China.
Deep Dive: Why the Dollar is Strengthening
In 2001, Jim O’Neil of Goldman Sachs coined the acronym BRIC to define an asset class for promoAng
investment through Goldman, of course, into Brazil, Russia, India, and China.
Deep Dive: Dollar threats from the BRICS
In 2001, Jim O’Neil of Goldman Sachs coined the acronym BRIC to define an asset class for promoAng
investment through Goldman, of course, into Brazil, Russia, India, and China.
Deep Dive: The Fed, Inflation, Progress, and the Path Ahead
True to the title of his speech: “Inflation: Progress and the Path Ahead,” Powell spent most of this year’s
Jackson Hole speech talking about inflation. As mentioned earlier in this report, he set the tone by saying, “It
is the Fed’s job to bring inflation down to our 2 percent goal, and we will do so.”
Deep Dive: The Fed, Inflation, Progress, and the Path Ahead Read More »
Deep Dive: Explaining Low Market Volatility in a High-volatility World
There is no doubt that the majority of investors have been surprised by the 2023 equity market rally. The
soaring stock market was led by the few big-cap tech stocks, which were ridiculously expensive to begin with.
Deep Dive: Explaining Low Market Volatility in a High-volatility World Read More »
Deep Dive: Interesting Math, Risk Observations, Interest…
No real in-depth deep dive this week; here’s just a quick liEle bit of interes’ng math and an observa-on
about risk.
Deep Dive: Interesting Math, Risk Observations, Interest… Read More »
Deep Dive: The Fed’s Inflation Fight
Let’s cut to the chase. It says the Fed has raised the Fed funds rate to 5.5%, and 10y Treasury yields are
unchanged.
Deep Dive: Interest Rates Drive Everything
Let’s cut to the chase. It says the Fed has raised the Fed funds rate to 5.5%, and 10y Treasury yields are
unchanged.
Deep Dive: The Rise of China
The rise of China has been one of the most transforma0ve developments in modern 0mes. I have a
friend from Shanghai who studied in Singapore and London and is now an investment professional at an
extremely influen:al investment firm in The City. I am honored to call her a client.
Deep Dive: Pandemic Rebound
Three years ago, as the pandemic shut down the world, many looked to history
for clues about how the “unprecedented” crisis would unfold. However, it actually turns out to be
“precedented!”