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, [...]
A New Paradigm It’s been an eventful stretch of late for both markets and the economy. Last Friday we had a seemingly blowout May nonfarm payrolls report. [...]
Some Time Off for Family This week HAI is just prices. This author is receiving a most welcome visit from family, and time is tight. HAI will be back next [...]
