Insights on Markets and the Global Economy

The Long Run April 2025

“But where are the clowns?Quick, send in the clowns.Don’t bother, they’re here.” — Stephen Sondheim

As the editors of The Free Press noted on December 21, 2024, “The past year has been marked by wars in the Middle East and in Ukraine, a...

A year ago, we called on Taylor Swift to share the message that “Things will change.” We were encouraged by the consistent improvements we were...

We like to think of the summer as a time when we, as a nation, slow down and relax. Not this year, however, as economic, social, and political...

In life, 90% of disappointment lies in unmet expectations. In mid-2023, fears that high interest rates were leading the U.S. economy into imminent...

Though they may seem like conflicting statements, we believe that 2023 will be remembered both as a year of financial speculation and a return to...