Two weeks ago I noticed something unique, at least in my experience--the entire world is now in play. By this, I mean that every important region and country is simultaneously being disrupted by economic tension, political instability, or international threats. I've never seen such a situation in thirty years of close ob... read more »

Hemingway was once asked "How did you go bankrupt?" He said "First gradually, then suddenly."

Well, we're a long way down this road now, and we've just about run out of gradually. See that cliff ahead? That's the beginning of suddenly.

Suddenly is like one September morning in ... read more »