“There are decades when nothing happens, and weeks when decades happen,” says a quote from Vladimir Lenin, who may have copied it from someone else. Regardless of origin, it is true and will be even more true as technology and even government changes faster. We may have just lived through such a week for the financial markets—and maybe for the whole global economy.
Read moreThe Second Trump Era has begun. If you are confident about what it will bring (either good or bad), I would like to gently suggest you reconsider. None of us should be sure what is coming. We can only know what we want. For a variety of reasons, we may or may not get it, not least of which is that we want a variety of things that may not overlap with what our fellow citizens want.
Read moreRain can be either refreshing or destructive. It can make plants grow or produce devastating floods. But in all cases, it’s largely outside human control. Or is it?
Read moreWeather forecasters tell us what kind of weather we should expect. They can be wrong, but their short-term outlooks are generally reliable. The old joke that economists exist to make weathermen look good is funny because it has a ring of ironic truth.
Read moreIt was an amazingly short week, punctuated by making 20 gallons of chili, serving almost 300 of my neighbors, and then recovering the next day, which didn’t leave a lot of time for in-depth analysis and forecasts. I’m sure you will be happy with the shortened letter as we cover some of the main events of last year and the ones that will have the most impact this year. A few will surprise you. Let’s jump in.
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