In the past I have written of the danger that uncertainty poses in economic markets. Today I want to concentrate on using a phrase who others more skilled than I have in the past: The certainty of uncertainty. By that I meant that uncertainty will undoubtedly lead to a bad outcome. I must credit Rudiger Dornbusch for my inspiration. His law, appropriately called Dornbusch’s Law, states: Crises take longer to arrive than you can possibly imagine, but when they do come, they happen faster than you can possibly imagine. This all very much applies to American today under Donald Trump. Let’s explore. Continue reading The Certainty Of Uncertainty
Tag Archives: uncertainty
The Bankruptcy Of America’s Word
We are nearing the one year mark of Donald Trump’s presidency. Many things concern me, but perhaps none more so than the bankruptcy of America’s word. Simply put, why would any nation or entity trust us? Let’s explore. Continue reading The Bankruptcy Of America’s Word