Data and Discretion - The Future of AI
The AI revolution isn't happening in Silicon Valley boardrooms or research labs — it's happening in the mundane daily grind of actually using these tools.
Articles
The Free Market Is Dead. Long Live the Free Market.
The bipartisan consensus on industrial policy represents the most consequential shift in American economic philosophy since Reagan declared government the problem.
Globalism 2.0: The Underwriting Era Is Over
For nearly a century, the United States underwrote a global system built on open trade, expanding growth, and cheap efficiency. That era is ending. As demographics shift, strategic competition intensifies, and national security priorities harden, globalization is being reorganized around alignment, resilience, and conditional access. Globalism 2.0 isn’t collapse — it’s repricing. And the difference between panic and positioning is recognizing the shift before it becomes obvious.
Why Ukraine matters to US interests and support should be maintained
The war in Ukraine is the best deal the American defense establishment has ever gotten. For a fraction of the annual defense budget, the US is degrading a primary adversary without losing a single soldier.
Quantitative Tightening by the Federal Reserve: What it Means for the Stock Market
The Federal Reserve's decision to begin quantitative tightening (QT) has raised concerns among investors about the impact it could have on the stock market. QT is a monetary policy tool used by central banks to reduce the money supply and decrease inflationary pressure. In this New York Times-style article, we will explore what quantitative tightening means for the stock market and the potential risks and opportunities it presents for investors.
Foreign Policy and Its Impact on Your Daily Life
You don't think about foreign policy when you fill your gas tank, buy groceries, or check your 401(k). You should. Because foreign policy is already thinking about you.
Isolationism vs Internationalism: Weighing the Pros and Cons
The isolationism-vs-internationalism debate is a false binary that flatters both sides. America has never been either. It's been strategic — and forgetting that is how empires stumble.
One Belt, One Road - What's the end game?
China isn't building roads. It's building dependencies. The Belt and Road Initiative is the most ambitious geopolitical project since the Marshall Plan — and it's designed to do the opposite.
The Quad - The Fight for the Indo-Pacific
The Quad isn't an alliance. It's not a treaty. It's something potentially more dangerous to Beijing — four democracies that control every chokepoint China needs.
The Rise of Civilization States
The nation-state was a revolutionary idea. It's also a recent one. And the forces that built it are now building something else entirely.
Why $AAPL Is An Overvalued Company in Decline
Apple is a declining company that is desperate for new products. Their valuation multiples have increased significantly faster than their revenue/earnings while their debt has gone up in relation to equity. Their earnings decreased 10.6% year over year last quarter and no one is talking about it. This thing is going to come down eventually, the only question is when.
In An American World
The American alliance system isn't just a collection of treaties — it's the most powerful geopolitical architecture ever constructed. Here's how it works.
The Liquidity Trap: How QE and Low Rates Might Be Inadvertently Causing Deflation
The Fed believes injecting money into the economy is helping the recovery and ensuring market stability; however, it really is not materially and sustainably succeeding. The stock market is in a bubble that will pop again soon, corporate bond and CMBS default rates will increase over the coming year, deflation will make debt a heavier burden and cash more valuable, the Fed is powerless to stop it. Our economy enters a deflationary cycle that will be hard to get out of, until the bank reserves find their way into the real economy.
SARS vs COVID-19: Why It's Different This Time and The Effects On The World Economy
China’s economy is potentially going down led by an over-leveraged banking system and it may cause US tech stocks, which derive supply and demand from China, to lead a market correction. Comparing this coronavirus situation to SARS is extremely disingenuous due to the state of the Chinese economy in 2003 compared to the state of the Chinese economy now. The downward pressures from China on world GDP growth as well as Boeing’s pressures on US GDP growth create a significant risk in all world equity markets that is not being priced in. While this does not mean that the US is definitely heading towards a recession or even a global recession, but that the risk should not be ignored by world markets, no matter how much liquidity central banks pump in.
Interview with Dominic Johnson-Hill of Plastered8
Dominic Johnson-Hill arrived in China in 1992 with a passion for adventure. In 2005, he opened the first Plastered store to celebrate his love for Beijing using images he collected over his many years in China. Now a regular on TV and radio in China, Dominic prides himself on continually reinventing the brand to move with the fast pace of Beijing.PMA had the opportunity in summer of 2016 to sit down with Dominic and interview him about his upcoming projects, ideas, and the future of Plastered 8