The Brazilian Real Faces a Political Stress Test
The spread is goneInvestors are pricing in a regime shift. New polling data released today shows Senator Flávio Bolsonaro has…
The spread is goneInvestors are pricing in a regime shift. New polling data released today shows Senator Flávio Bolsonaro has…
The numbers are in. They are ugly. The Bureau of Labor Statistics just dropped a hammer on the soft landing…
The old Hollywood guard was wrong. W.C. Fields famously warned against working with children or animals. He viewed them as…
Capital Flees the Urban CoreCapital is cowardly. It flees friction and seeks efficiency. The latest Forbes data confirms a massive…
The Passive Era Hits a WallThe growth trade is dead. Investors are fleeing the momentum plays that defined the last…
The Profit Paradox of Empty AislesThe numbers are in. The verdict is jarring. Kroger just reported another quarter of declining…
The Labor Market Mirage and the Golden EscapeThe labor market is bleeding. The Federal Reserve is watching. Gold is waiting.…
Equality is a ghost. It haunts the balance sheets of every major economy. Despite decades of rhetoric, the United Nations…
The Industrial Ghost in the MachineThe numbers for February are in. Capital is moving home. It is expensive. It is…
The Price of EscalationOil is the new tax. The Federal Reserve is the executioner. As of March 4, the geopolitical…