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Daily Memo: The U.S. and Iran Are at It Again

Tensions are raising as the world reckons with the economic impact of the pandemic.

George Friedman’s Thoughts: Russia and the Fight Against Tragedy

Karl Marx wrote that “history repeats itself twice, the first time as tragedy and the second time as farce.” The collapse of the Soviet...

Daily Memo: Watching What We Eat

The U.N. food program released some troubling numbers earlier this week.

Mexico’s Three Economic Fronts Face a Recession

Mexico is bracing for a serious economic recession this year, much like the rest of the world. But unlike many other countries, the Mexican...

Daily Memo: ‘Grave Danger’ in Oil Markets and North Korea

Kim rumors. CNN on Monday night, quoting a single U.S. intelligence official, reported that North Korean leader Kim Jong Un is in “grave danger...

Recession and Depression

A recession is an essential part of the business cycle. Among other things it culls the weaker businesses and redistributes capital and labor for...

Daily Memo: Exploiting Opportunities and Preventing Exploitation in a Pandemic

Hong Kong containment. The COVID-19 outbreak in Hong Kong has done to pro-democracy protests what police never quite could, and China is trying to...

South Korea After COVID-19

For a brief moment in mid-February, the South Korean city of Daegu looked like it was heading the way of Wuhan, the Chinese megacity...

Fiscal Measures to Combat the Coronavirus

(click to enlarge) As the coronavirus has spread across the globe, it has paralyzed economies. With widespread quarantines, demand has lagged, supply chains have been...

Daily Memo: Restrictions Ease and China’s Economy Contracts

It’s perhaps the worse quarter for Beijing since the 1960s.

Postponing an Oil Production Catastrophe

Fresh off helping to broker a global agreement on oil production cuts on April 12, U.S. President Donald Trump has declared American cuts a...

Daily Memo: Grim Economic Data in the U.S.

Bad news comes as tensions rise in the Persian Gulf and South China Sea.
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