Global Macro Update Archive

There’s no substitute for experience.

There are plenty of smart people doing good work in private equity, but when self-help guru Tony Robbins is private equity’s new cheerleader, and Blackstone is buying smoothie shops, you have to wonder if things have gone too far.

Modern history is rife with examples of wars that grind on needlessly, only to end with no clear winner.

Last week I asked you to reconsider the prevailing narrative that tariffs are inflationary

The tariff situation is evolving fast.

I don’t even want to think about it—a new virus is gaining traction in the US.

George Friedman on Russia, ending the Ukraine War, and Putin’s failure.

My friend Jacob Shapiro is back for another Global Macro Update interview, and he sees ample opportunities for investors who can tune out white-noise media and look around.

“Conspiracies are hard to implement.”

China has weaponized fentanyl against the United States.

Everybody has an opinion about quantum computing lately.

We’re doing something a little different today.