The Great Consumer Mirage is Fading Fast
Goldman Sachs is betting on the American shopper. David Mericle, the firm’s chief U.S. economist, claims the consumer is not…
Capital Markets Brace for Volatility After White House Security Breach
Political Instability Shakes Overnight FuturesChaos in the District. Markets hate uncertainty. The shooting at the White House press dinner on…
Capital Flees the Cybersecurity Perimeter
The Screen Is RedLiquidity is a coward. It disappears at the first sign of a structural shift in enterprise spending.…
Passive Capital Liquidity Traps Are Killing Active Alpha
The liquidity event is a mirage.Passive indexing has become a structural parasite. It feeds on liquidity and vomits out volatility.…
Logistics Giants Gamble on Duty Drawbacks
The Great Tariff Shell GameThe shipping industry is bleeding. Margins are razor thin. Now, the biggest players want a tax…
Shipping Giants Chase Billions in Tariff Drawbacks
The Logistics Lobby Strikes BackThe bill is due. Shipping giants want their money back. After two years of absorbing or…
Security breach at the White House dinner rattles overnight markets
The perimeter failedA suspect carrying multiple weapons breached the most scrutinized ballroom in Washington. Donald Trump confirmed the apprehension shortly…
The High Cost of the Self Made Dream
The Seattle GenesisRay Charles arrived in Seattle with six hundred dollars. The year was 1948. He was fifteen years old…
The Warsh Doctrine Signals the End of Central Bank Autonomy
The Fed is dead. Long live the Fed.Kevin Warsh stood before the Senate Banking Committee this week and dismantled three…
The Small Cap Renaissance is a Debt Trap in Disguise
Wall Street is selling a recovery that the balance sheets cannot supportThe rally is here. Investors are piling into the…