weekend notes

“A massive technological shift is unmooring the center,” said the CIO. “Centralized authority and control are being eroded, undermined,” he added. “Our changing information systems are at the heart of this adjustment, making it increasingly difficult to establish truth, facts. And we have massive shifts to our energy delivery systems, biotechnology, our monetary systems.” The meaning of money is b

Hope all goes well… “How does it feel to be back Jackson?” I asked, a quick FaceTime chat Saturday evening, procrastinating, my mental break. “Every time I walk through these doors after being on break is a shock. Plebes calling me Sir when I step back on campus — and then just knowing the workload ahead,” said my son, laughing, kind of. “You’ll adjust in a day or two,” I said, reminding him

Hope all goes well… Happy New Year to you and your family. Dusted off an anecdote from 2011 that I reflect on often, at every meaningful fork, and always at the dawn of each year. Back January 9th with full weekend notes. Wishing you all the very best in 2022 — health, challenge, adventure, good fortune. E Week-in-Review (expressed in YoY terms): Mon: Turkish regulator files lawsuit against

Hope all goes well… Merry Christmas. Happy Hanukkah. Happy New Year. To you and your families. Resurrected one of my favorite little memories, an opening note from Christmas past… Christmas Day 2013: “Santa slipped down the chimney. Left big boot prints in the ash that spilled across our hearth. And the jolly fella stuffed stockings. Built a train set too. Sprinkled magic everywhere. Moments befor

Hope all goes well… In case you missed it, Jay Clayton, a member of One River’s Academic and Regulatory Advisory Council (click here) penned an important opinion piece in the Wall Street Journal (click here). Dusted off an anecdote from late 2018 that still cracks me up. It’s about life when you’re last in line (see below). Back in January with full weekend notes. All the best, E Week-in-Review (e

Hope all goes well… Dusted off an anecdote from late 2018, exploring the preconditions for what has started to unfold in markets, politics, policy (see below). It’s often good to step back, survey the landscape. The dynamics that brought us here were decades in the making. And it would be unprecedented if this cycle shift lasts less than ten years. Back in January with full weekend notes. All the

“To prepare for the future, we must first reimagine the past in a manner that central banks won’t,” said the CIO. “So, what is it that central banks can’t imagine?” he asked, rhetorically. “Can they imagine being both right and wrong? Right that the inflation potential of the system is low due to the persistence of deflationary forces that are now well known, but wrong because their actions –

Hope all goes well… “You guys are late for dinner,” I said, Teddy and Liv walking into the kitchen, black boots, blue pants, white pressed shirts, name tags, surgical scissors, full Emergency Medical Technician uniforms. “Sorry Dad, we got held up on a call,” said Liv (18). “Everything okay?” asked Mara, always concerned, but conditioned to not pry, rules of the game with two volunteer EMTs in the

Hope all goes well… “My brain says jump, but my body won’t move,” whispered Teddy this morning, not looking at me, staring into the distance, the wind howling. “It means you’re thinking Teddy — don’t overthink this, just jump,” I said, climbing my way out of the water, the rest of my little lemmings leaping off the rock, plunging into icy water. Charlie, Liv, Jackson. Kerplunk. Kerplunk. Ker