Patron's webinar powered by Dear Members, Partners, and Friends, 2025 was a year of innovation, political upheaval, and market surprises. For the first time in years, China and Europe outperformed US equity markets in dollar terms. Rates fell, and in Switzerland returned to zero rates, and gold hit all-time highs. In the US, […]
Dear Members, Partners, and Friends, Europe is passing through a moment of profound strategic recalibration. The security assumptions that shaped the post-Cold War order - predictable borders, stable deterrence, reliable dialogue, and the belief that economic interdependence would naturally discourage aggression - have been shattered. Russia's invasion of Ukraine exposed not only the limits […]
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