Monthly Chartbook - A New Consensus?

How are we already one-third of the way through 2023? Well, as a wise man once said: “Time flies when the market is intent upon separating you from your capital.” – Jason Pagoulatos

Market Musings

This month’s musing has less to do with “the market” per se and everything to do with “the system” we’ve come to see as constant and never-changing.

Ever since the fall of the Berlin Wall in 1989, the Washington Consensus has been the dominant paradigm for understanding the global political economy.