Image: Pyramids of Giza
A photo of the Pyramids of Giza, taken in the 1870s
A photo of the Pyramids of Giza, taken in the 1870s
“These types of policies are relatively social at the beginning but they become the most anti-social afterwards”
The extreme divergence between growth stocks (Healthcare and Tech) and cyclicals (Energy and Financials)
Imagine what will happen once the Fed realizes it needs to change course
The ailing U.S. car industry lost 40% of its domestic production between 2014 and 2019
Ultimately, the United States is really well positioned to… become that ‘next great emerging market’
Canaletto – 1725
“Remember what small business do. They’re not just large employers. They’re also the main way to have inclusive capitalism”
For how long we will be able to continue the delusion that low inflation is our biggest monetary challenge?
“What has happened in Hong Kong has lost Taiwan for China forever”