The 8 January storming of Brazilian government buildings has exposed the divides present in Brazilian politics, and willingness of Bolsonaro supporters to use disruptive blockades. The economic and market impact will depend on whether there is additional disruption that might undermine Brazil’s critical infrastructure, how quickly the Lula government consolidates the security apparatus, whether the… Continue reading Brazil in 2023: What to Watch for After January 8
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A few things to watch in 2023
The beginning of the year brings the release of many many market, macro and geopolitical outlooks and thus its a good chance to see where consensus lies and to mark down a few of my expectations. There seems to be a general agreement going this year – slowdown, partly coordinated, stronger H2 vs H1 (at… Continue reading A few things to watch in 2023
Thought-Provoking Reads 2022: Economics, Geopolitics and More
Annually I try to sum up the list of books that resonated this year or added new insight. This post shares a number focused on economic, geopolitical and historical narratives while a smattering of fiction and travel inspired reads are in another post. For once, almost all of the books that resonated this year were… Continue reading Thought-Provoking Reads 2022: Economics, Geopolitics and More
Thought provoking reads 2022: Fiction and Travel-Inspired
For the last few years, I've enjoyed ending the year by recapping some of the books that lingered with me and peppered my thoughts and conversation. This post highlights some favorites inspired by my travels this year to Turkey, Georgia and Italy and a few fiction volumes. While I read plenty of fiction this year,… Continue reading Thought provoking reads 2022: Fiction and Travel-Inspired
Update on the Russian Oil Price Cap: Deadlock on the “Price”
On, 25 November, EU officials have again failed to reach consensus on the price for Russian oil that would allow an exemption from the EU ban on using its services to transport and sell Russian seaborne crude (aka the G7 price cap). Officials have agreed to resume talks next week, a week out from the 5… Continue reading Update on the Russian Oil Price Cap: Deadlock on the “Price”
Lessons from the Work of William T Ziemba
In early November, I was honored to speak at the Annual Quant Insights Conference hosted by the Certificate of Quantitative Finance about some of the work and legacy of my father William Ziemba who passed away earlier this year (obit here). Dad was an academic of stochastic programing and financial optimization who applied much of… Continue reading Lessons from the Work of William T Ziemba
Some thoughts on economic warfare and the range of coercive tools
The following is an adaptation of a presentation I made in early November on a panel about economic warfare for the Canadian Association of Security and Intelligence. Thanks for including me! The following will take an expansive view of economic restrictive measures which are increasingly being used for a variety of reasons political and national… Continue reading Some thoughts on economic warfare and the range of coercive tools
IMF Meetings: Gloomy Outlook, US Still Committed to Price Cap
This week I attended several conferences, the NABE conference in Chicago, the Columbia University Energy Conference in NYC and part of the IMF/WB meetings in DC. Collectively, they gave the chance to touch base with consensus views on macro economic outlook, geopolitical risks and market interpretations. And that consensus was unsurprisingly quite gloomy. This shouldn’t… Continue reading IMF Meetings: Gloomy Outlook, US Still Committed to Price Cap
Some thoughts on Inflation, the impact of the War and supply chain remapping
In early June, I spoke about the political risks of inflation, the impact of the Russian invasion and more while on a trip to Turkey. The following were my opening remarks, looking at how these different risks - conflict, isolation, sanctions and developing of new supply chains have added to inflationary risks and complicated resilience.… Continue reading Some thoughts on Inflation, the impact of the War and supply chain remapping
Some thoughts on sanctions effectiveness on the World
I shared some thoughts with the radio program the World and its host Marco Werman. Listen to the interview here or read some of the summary below. I touch on the moderate measures so far (though more are likely coming in the upcoming hours, the shift from deterrence to new triggers and whether there is… Continue reading Some thoughts on sanctions effectiveness on the World
Ziemba Insights 