Moment of Truth This holiday shortened week was a volatility sandwich. Tuesday started with a bang as stocks sank and the VIX volatility index shot higher by [...]

Q2 2024: Just the Start For the precious metals sector, Q2 2024 was one for the record books. According to the World Gold Council, gold demand was at record [...]

Not Buying It Due to late summer plans with in-laws this week, HAI will be brief. The market news of the week primarily revolved around a curiously large [...]

Ahead of the Game This week markets got a big dose of economic data. Ultimately, however, that data didn’t change the overarching narrative. Debt has become [...]

Minsky Moments and the Butterfly Effect Three weeks ago, on July 16th, the S&P 500 closed at an all-time high within spitting distance of a truly [...]

Piercing the Veil In November of 1943, speaking to Joseph Stalin during the Tehran conference, Winston Churchill remarked that, “In wartime, truth is so [...]

Man of Steel?  With many thanks to Danielle DiMartino Booth for last week’s interview, lets pick up where she left off and address some of the implications [...]

A Chat with Danielle DiMartino Booth HAI has a rare treat for readers this week. Danielle DiMartino Booth may be the closest thing to a rock star the “dismal [...]

Still Dancing In July of 2007, Citigroup CEO Chuck Prince laid out his strategy for running Citigroup amid a growing recognition of risks on the eve of what [...]

Inflection Point This week, HAI wishes a happy 4th of July to all, and a very happy birthday to the land of the free and the home of the brave! While this [...]

A New Era Writing of the period just before the Great Depression’s guillotine dropped in the late 1920s, Dr. Benjamin Anderson, in his tour de force [...]

An Unnerving Feeling On Friday, Goldman Sachs’ head of execution services, Bobby Molavi, summed up the current market zeitgeist nicely. As Molavi put it, [...]