Modi Arrives in the US
An essay on Modi’s visit to the United States, Indian nationalism, American geopolitical expediency, and the illusions behind India’s supposed rise.
Why Are Resources Stocks Down
A discussion on why resource stocks are down, how mining companies destroy capital, and why investors must distinguish commodity demand from profitable resource investing.
India: Hawala Trade
A short note on India’s hawala trade, capital controls, foreign spending taxes, financial repression, and why informal finance emerges under intrusive government systems.
India: Another Demonetization?
An essay on India’s withdrawal of the INR 2,000 note, demonetization, bureaucratic confusion, state control, and the arbitrary disruption of ordinary life.
Mining as a Proxy for Commodities
A discussion on mining stocks as a proxy for commodities, why resource equities do not always follow commodity prices, and why coal may offer contrarian value.
Is Pax Americana Over?
A discussion on Pax Americana, currencies, geopolitics, arbitrage, investing, philosophy, and the risks of a more fragmented global order.
The West is Falling
A discussion on the decline of the West, where capital may flow, and why investors must think carefully about political risk, gold, currencies, and East Asia.
The Ossification of the Indian Mind
A discussion with Meyrick Abreu on Dabbling Path about the ossification of the Indian mind, rising corruption, pre-British lawlessness, and India’s resistance to real change.
Stalin and the Wokes
A discussion with Darcy Gerow on wokeism, immigration, democracy, Canada’s decline, and why woke culture corrodes institutions without building anything serious.
Conspiracies or Banality?
A discussion with Richard Kary on whether modern decay is driven by conspiracy or by the banality of weak incentives, cowardice, careerism, and institutional failure.