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...
Is Gold The Best Game In Town As Markets Crash?

Is Gold The Best Game In Town As Markets Crash?

Monday trading has seen another bloodbath emerge on global stock markets. As if coronavirus panic wasn’t enough to rock investor confidence, the breakdown of relations across the OPEC+ group — and fears that waves of oil from Saudi and Russian wells are about to hit...
Fake Markets Are on Collision Course with Reality

Fake Markets Are on Collision Course with Reality

Keeping up appearances is about to get a lot harder for the central planners trying to manage perceptions of the U.S. (and global) economy. The coronavirus is going to have a meaningful impact on global supply chains, even if stock market cheerleaders haven’t fully...