Stability leads to instability. The more stable things become and the longer things are stable, the more unstable they will be when the crisis hits. Hyman Minsky Tweet Hi all,...

Within our mandate, the ECB is ready to do whatever it takes to preserve the EUR. And believe me, it will be enough. Mario Draghi, July 2012 We will keep...

The economy of imaginary wealth is being inevitably replaced by the economy of real and hard assets. Vladimir Putin, September 2022 Hi all, and welcome back to The Macro Compass! Last...

Central Bankers Are Bringing The Heat To The Kitchen: Can Markets Stand It? If you can’t stand the heat, get out of the kitchen. US President Harry Truman, 1942 Hi...

We will keep at it until we are confident the job (i.e. killing inflation) is done. Jerome Powell, Jackson Hole speech Hi all, and welcome back on The Macro Compass! Economic...

The only true wisdom is in knowing that you know nothing. Socrates, Greek philosopher Hi all, and welcome back on The Macro Compass!Global macro and markets are a gigantic puzzle that...