(Warning, this is a political opinion piece, not my usual economics/investment articles!) I’m a registered Republican, but I couldn’t bear to watch the Republican convention. After the 'fun' that characterized the primary contest, I just needed a break. However, it was an event during the convention that finally sealed my vote…for Hillary. One of the mornings during the Convention week,…
Brazil is a macroeconomic and political hot mess at the moment, experiencing a deep recession and a political quagmire reaching to the Presidency. Despite this, after a horrendous performance in 2015, Brazil’s currency the real performed best in the world for the first quarter of 2016 surging over 10% against the US dollar, and both equity and debt markets rallied…
A new era is beginning in Argentina, now that the Kirchner dynasty was finally voted out of office in November. President Mauricio Macri has vowed extensive change for the country, in areas ranging from foreign policy to the domestic economy, advocating an increased role for the private sector at the expense of a reduced role for the government. Argentine assets…
Two weeks ago I traveled to South Africa, in order to create a two-year economic and investment roadmap. After seven days of meetings, I returned with a bearish view for the economy both cyclically and structurally. Unlike previous visits over the past decade, I could find very few glimmers of hope. Gloom is hard to trade on, as the timeframe…
Ever play the game Jenga? The game begins with a carefully constructed tower of individual bricks, and then proceeds as each player removes a brick and tries to keep the structure together. Today’s headlines regarding the latest Greek bailout got me thinking about this maddening game, as I imagined Greece being removed from the Eurozone and the whole stack falling…
My Sister Is Greece, I am the Troika There’s always one black sheep in the family. In my family’s case, that sheep is my sister. While my two brothers and I have worked every day of our lives since we were 10 (started on the farm in Minnesota!), my sister has managed to be unemployed for all of her adult…
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