Jackson Hole
History Jackson Hole Since 1978, the Federal Reserve Bank of Kansas City has sponsored a symposium for central bankers. The first conferences were held in Vail and Denver, Colorado. Since 1982, [...]
The price of oil
Ultimately, the price of oil is determined by supply and demand. What is special about the price of oil is that there are, in theory, multiple equilibrium prices. This is because much of the [...]
More inflation thanks to IPCC report
The IPCC report is widely seen as disturbing and alarming. The urgency is clear. The most important consequence for investors is that it will lead to more inflation. After all, the report’s [...]
The fall of Kabul
The fall of Kabul may be the proverbial straw that breaks the camel’s back with major consequences for the United States, China, Europe, and even the world. It reinforces the call for [...]
Corrections in the stock market
On average, we have a correction of around ten percent every year in the stock market. The record in terms of the number of corrections is for the year 2008. Then there were no less than seven, [...]
Utopia or revolution?
We are living in times of crisis. Several crises are interconnected. The climate crisis and the environmental crisis have a strong relationship with the use of fossil fuels and, as a result, [...]