Nancy Pelosi, Next President of the United States?

Nancy Pelosi, Next President of the United States?

IN an ideal world, markets and politics would be separate. But we don’t live in an ideal world, and the outcome of the upcoming election could have large ramifications for markets. The stock market has done extremely well under Trump, so a Trump victory would...
Complex Systems Collide, Markets Crash

Complex Systems Collide, Markets Crash

At some point, systems flip from being complicated, which is a challenge to manage, to being complex. Complexity is more than a challenge because it opens the door to all kinds of unexpected crashes and events. Their behavior cannot be reduced to their component...
Why the Fed Can’t Get It Right

Why the Fed Can’t Get It Right

The World Health Organization declared the coronavirus a pandemic today. The virus has now spread to over 100 countries and infected well over 100,000 people. After Monday’s 2,000-point collapse of the Dow and yesterday’s 1,100-point gain, stocks broke down again...