Substack Library
GlossaryLetter from Buenos Aires
March 22, 2024This is a free post to give you a sense of what paid subscribers see. Writing these posts takes effort. If you value the content, sign up. Those funds help finance the research.
Shifting Odds, High Stakes
March 15, 2024“If a merchant should give silver to a trading agent for an investment venture, and he incurs a loss on his journeys, he shall return silver to the merchant in the amount of the capital sum.”
Hedging the Election
March 1, 2024“I asked Truman for which foreign policy decision he most wanted to be remembered. He did not hesitate.’We completely defeated our enemies …,’ he remarked. ‘And then we helped them recover, to become democratic, and to rejoin the community of nations. Only America could have done that.’”
Navigating an Inverted Yield Curve
February 23, 2024“The more identities a man has, the more they express the person they conceal.”
Putin is Evil, But He Won’t Win
February 19, 2024“No one shall be subjected to arbitrary arrest, detention or exile.”
China’s Deflationary Down Wave
February 9, 2024Note to my readers: I am in Florida to celebrate my wife’s birthday and attend rowing camp. As a result, no post next week unless the sky falls, in which case you will hear from me.
The Outlook in Pictures
February 2, 2024THIS IS NOT INVESTMENT ADVICE. INVESTING IS RISKY AND OFTEN PAINFUL. DO YOUR OWN RESEARCH.
Would a Trump Win Move Markets?
January 26, 2024“I will try to express myself in my art as freely as I can and as wholly as I can, using for my defense the only arms I allow myself to use, silence, exile and cunning.”
Nikki in NH
January 22, 2024THIS IS NOT INVESTMENT ADVICE. INVESTING IS RISKY AND OFTEN PAINFUL. DO YOUR OWN RESEARCH.