Bi-Weekly Geopolitical Report
Weekly Geopolitical Report – When Hegemons Fade (April 8, 2019)
by Bill O’Grady In our Daily Comment report, a section on Brexit has become something of a regular feature. As part of keeping up with developments, we have commented on nearly every twist and turn (or lack thereof) in the Brexit process. In a recent WGR series, we discussed the Irish problem[1] and how it relates… Read More »
Weekly Geopolitical Report – Modern Monetary Theory: Part IV (April 1, 2019)
by Bill O’Grady In Part III, we examined the role of economic paradigms in the equality/ efficiency cycle. This week, we conclude this four-part series with a discussion on the flaws of Modern Monetary Theory (MMT) and market ramifications. The Flaws of MMT All of the major economic paradigms previously discussed lead to eventual problems. Capital-friendly… Read More »
Weekly Geopolitical Report – Modern Monetary Theory: Part III (March 25, 2019)
by Bill O’Grady In Part II, we discussed the principles and consequences of Modern Monetary Theory (MMT). This week’s installment will be devoted to the importance of paradigms. Next week, we will conclude the series with a discussion on the potential flaws of MMT along with market ramifications. The Importance of Paradigms Every major shift in… Read More »
Weekly Geopolitical Report – Modern Monetary Theory: Part II (March 18, 2019)
by Bill O’Grady In Part I of this four-part series, we introduced this report and discussed the origin narratives of Modern Monetary Theory (MMT). This week, we will examine the principles and consequences of the theory. Principles of MMT[1] MMT begins its analysis with a focus on macroeconomic identities and flows.[2] The theory states that the… Read More »
Weekly Geopolitical Report – Modern Monetary Theory: Part I (March 11, 2019)
by Bill O’Grady In recent weeks, Modern Monetary Theory (MMT) has become a hot topic of discussion. Given the level of controversy, we want to provide our take on the theory. One could wonder if this topic is appropriate for a geopolitical report. We are using this report to examine MMT because, in our opinion, its… Read More »
Weekly Geopolitical Report – The Irish Question: Part II (March 4, 2019)
by Bill O’Grady Last week, we examined the geopolitics of Britain and offered an abbreviated history of Irish/British relations. This week, we will begin by analyzing the Good Friday Agreement, followed by an analysis of Brexit regarding the Irish question. As always, we will conclude with market ramifications. The Good Friday Agreement By the late 1990s,… Read More »
Weekly Geopolitical Report – The Irish Question: Part I (February 25, 2019)
by Bill O’Grady As the United Kingdom continues on its path to withdraw from the European Union, a key element that needs to be considered is the border issue in Ireland. The Northern Ireland/Ireland frontier is the only border that would be directly affected by Brexit. The rest of the U.K. is an island, although border… Read More »
Weekly Geopolitical Report – The Nigerian Election (February 11, 2019)
by Thomas Wash (N.B. Due to the President’s Day holiday, the next report will be published February 25.) On February 16, 2019, Nigeria will hold its sixth presidential election since it ended military rule in 1999. President Muhammadu Buhari, who has been rumored to be in bad health after disappearing from public view for weeks at… Read More »
Weekly Geopolitical Report – What to do with China: Part II (February 4, 2019)
by Bill O’Grady In Part I of this report, we laid out the two narratives that the U.S. and China are using to frame relations between the two countries. This week, we will summarize the two positions and examine the potential for war using the historical examples of British policy toward the U.S. and Germany, offering… Read More »