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Thoughts from the Frontline Archive, March 2020

Postcards from the Frontline
  • March 27, 2020

Postcards from the Frontline

Unprecedented events are happening so fast, I barely know where to start. But let’s begin with a small one, noticeable perhaps only to me.

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The Beacons Are Lit
  • March 20, 2020

The Beacons Are Lit

In the film version of Tolkien’s Lord of the Rings: Return of the King, there’s a three-minute scene you should watch or re-watch. It is relevant to our situation today. Gondor needed to light the beacons for aid.

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Coronavirus Helicopter Money
  • March 13, 2020

Coronavirus Helicopter Money

I write this letter early Friday morning after a week in New York visiting with many fellow market participants. And lots of phone calls, both to analysts and medical experts. I had originally planned a completely different letter but circumstances changed.

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Chinese Coronavirus Changeup
  • March 6, 2020

Chinese Coronavirus Changeup

In baseball, there is a kind of pitch called the “changeup,” designed to look like a fastball while actually going slower. The deceived batter swings too soon and misses. Strike, you’re out. The world has thrown a wicked biological changeup at the global economy.

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