The Saudi System And Why Its Change May Fail

"The Saudi response to the competition of the Iranian system is a move towards more authoritarian rule. This is hoped to allow for more agile policies and responses. But the move breaks the traditional ruling system. It removes the sensible impediments to impulsive foreign policies. It creates the conditions for its very failure."

The Cardinal Sin Of International Finance

"...the prime directive of any organism - whether it’s an amoeba or a person or a corporation or a government - is to survive... That’s why the US government protects the petrodollar so zealously. It needs the system to survive..."

Millennials Have Ushered In The 'Baby Bust' Cycle

America is no longer making enough babies to keep pace with deaths... A new report blames the ‘baby bust’ phase on the millennial generation (1980-2000), who are having children at record low rates.

Taxes: Here's What's Going To Stay The Same

"...even though the euphoria and expectations about this new proposal are totally overblown, there are still plenty of gems from the current tax code that aren’t going anywhere."

The Silence Of The Bears

"The silence of the bears is deafening. And who can blame them? The last 2 years have been absolutely brutal for any fans of price discovery, volatility and anything analytical mattering. Nothing matters."

Roy Moore's Communications Director Resigns

Amid an ongoing barrage of sexual assault allegations, Alabama Senate candidate Roy Moore has just confirmed to the Washingtonian that his communications director, John Rogers, has resigned.