The election of Austrian economist Javier Milei as President of Argentina is one of the most intriguing events that I can remember. Polling suggested in the weeks leading up to the election that Milei would not win as he was running against a well-funded incumbent but win he did. It was by a landslide as …
Looking Backwards … LB #1 Henry Kissinger died this week at the age of 100. We have talked about his influence on American politics before and how he was the architect of the Petrodollar system as America battled with high energy prices during the 1970s. It was also the inflation stemming from coming off the …
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Looking Backwards … at a Thanksgiving week that has left me in a fantastic mood this morning as sensibility and accountability are starting to be restored on this little blue marble, after too much wondering “what the hell is going on around here?” let’s explore… LB #1 The people of the globe are starting to …
That is the Deguello, it is known as the Cut Throat song composed by Dmitri Tiomkin. It is the Mexican bugle played before the Alamo, and it means no quarter. It means there will be no mercy, and it means you have been warned. In Rio Bravo, Dean Martin’s “Dude” sobered up real quick when …
Looking Backwards… LB #1 The ad market is broken and it reveals insight to where the puck is going. Axios reports that in media Buzzfeed saw a 35% decline in ad revenue year over year, Dotdash Meredith down 12% and the Wall Street Journal parent down 3%. Major media networks Warner Bros., Comcast/NBC Universal, Paramount, …
America has been left with a choice and there is no right answer. Due to the two-party system prevalent in American politics voters might be staring down a sequel that no one wants to see again, Donald Trump vs Joe Biden. I personally think that Trump will be convicted, and Biden will be replaced by …
Looking Backwards… LB #1 A Friday night dirtie got done after the markets closed when Moody’s downgraded the US outlook to negative from stable. They didn’t go so far as to downgrade our debt which is still triple Aaa but it is the last straw before it does. “While the statement by Moody’s maintains …
I’m often reminded of the first three subjects of our Cooperative: Kobe Bryant, Bill Russell, and Ronald Reagan. They exhibited such different yet such wonderful strengths. Kobe Bryant had a unmatched work ethic and a self- assurance that his way would be successful, Bill Russell was driven by sacrifice and understanding team dynamics to become …
Looking Backwards… LB #1 We recently mentioned that the markets were in a fragile place and it turned out the market listened. The Japanese Yen was at the important 150 level and the market went through that level as the Bank of Japan kind of eased off their stance of yield curve control, but not …