Notes From Underground: Is Globalization Dead?
Mar 28, 2022
In the past week there were three pieces published by highly respected investors and analysts about how Russia's invasion of Ukraine will portend the end of globalization. Adam Posen, Larry Fink and Howard Markets all outlined the rollback of... more
The Roundtable Insight – Danielle DiMartino Booth and Yra Harris on the Economy & Financial Markets
Mar 23, 2022
Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm celebrating its one-year anniversary of launching The Daily Feather and the four-year anniversary of the Weekly Quill. DiMartino... more
Notes From Underground: Get Smart
Mar 14, 2022
There are so many things to consider when trading in the current climate. First and foremost, CAUTION is the key word, not FEAR. As Billy Joel would say, “We didn’t start the fire,” but as traders and investors we have to dance on the embers. The... more
The Roundtable Insight – Jacob Shapiro and Yra Harris on the Geo-Political Risks to the Economy and Financial Markets
Mar 08, 2022
Jacob L. Shapiro - Partner & Director of Geopolitical Analysis
Jacob oversees geopolitical analysis at CI, working with the CI research team to integrate geopolitics into CI’s investment strategies. He also authors the “... more
Notes From Underground: Is It George Bailey or Henry Potter?
Feb 18, 2022
Bank of England Governor Andrew Bailey made a ridiculous comment almost two weeks ago and I’d be remiss not to mention it. Bailey issued his own FORWARD GUIDANCE on how to slow the pace of inflation. He suggested that people refrain from seeking... more
Notes From Underground: The Soft Bias of Low Expectations
Feb 04, 2022
Tomorrow is the first Friday of the month so it is known on trading desks as UNEMPLOYMENT Friday — or Unenjoyment Day for some — as volatility will reign in the early part of the trading day. As we have discussed ad nauseum volatility is the... more
The Roundtable Insight – Bernard Connolly and Yra Harris on Europe and Risks to the Global Economy and Financial System
Jan 19, 2022
Bernard Connolly is a British economist noted for his dislike of the euro. He is know for writing The Rotten Heart of Europe: The Dirty War for Europe's Money.
with thanks to Financial Repression Authority.
The Roundtable Insight – Michael Pettis and Yra Harris on China
Dec 15, 2021
Michael Pettis is a nonresident senior fellow at the Carnegie Endowment for International Peace. An expert on China’s economy, Pettis is professor of finance at Peking University’s Guanghua School of Management, where he specializes in Chinese... more
Notes From Underground: Coal for Some Stockings?
Dec 13, 2021
If you’re only looking at the headlines from the past 48 hours, there is something major going on. First, on Friday afternoon Bloomberg reported that the G-7 finance chiefs are planning to discuss inflation as prices soar and the Financial Times... more
Notes From Underground: It’s Hard to Believe
Dec 08, 2021
On December 7, 2009, NOTES FROM UNDERGROUND published its first post and we’ve shared a few thousand thoughts since then (all archived at WordPress and for those on CQG they available thanks to the great efforts of Stan Yabroff). In sifting... more