An old acquaintance (the CIO of an $800 million macro fund) rang me up last week to chew the fat on the Huawei deal and the ramifications. And so — since I’m a lazy bastard — I figured I’d use the meat of the conversation for this article. You’re probably
Watch this: It’s called obligate siblicide. That’s pretty screwed up. You know what else’s screwed up? The largest economy in the world and bearer of what is still the world’s reserve currency has an ever increasing debt pile, which looks close to toppling over. Now, I’ll take this opportunity to
After the Nazis were finally beaten and the little man with the pedophile moustache had done what he should have done a couple of decades prior (kill himself), there existed a new threat: Communist expansion into Europe. And so to counter this, the United States and what was at the
Last week millions of people around the world sat up straight, got all self righteous, argued with one another, and picked a side. It was like Brexit, but global. You were either with or against. We could say that it was the battle lines of those hollering for socialism vs
First, some fun facts regarding the Pareto distribution: Business: the top few customers account for a bulk of the profits Insurance: a small number of big claims account for a bulk of payments Settlement: a small number of cities include a bulk of the population Languages: the most frequent words
If you’ve a business built on IP, then may I suggest that looking NOW, ahead of trouble, for the best domicile could well provide you with the best ROI you’ll ever get. In this week’s World out of Whack we examine the lunacy of trade wars on IP, and what the underlying reasons may be for the latest spat between the U.S. and China.
Let me frame this first. I have no political affiliation in any country on this ball of dirt, don’t vote, never will, and I don’t care any more or any less for any minority or in fact majority group. My concern is in understanding the world and probability of outcomes
The origins of the GFC are more or less understood… The American consumer, tipsy at first, increasingly drunk and finally blind drunk, began throwing up. The drink: debt. Enormous amounts of debt, secured against ever rising home values, used to finance increased consumption (with historically low interest rates engineered by central