Seven Things You Should Know About the Art Market
Recently, I wrote a newsletter about my views of the art market. Specifically, I addressed why, in my view, art had finally come into it’s own as a true asset class. (I compiled a list of a dozen reasons why I believe that is so: If you are interested in reading that piece, you can ... Read more
The Great Backlash
In the immediate aftermath of the 2008 global financial crisis, policymakers’ success in preventing the Great Recession from turning into Great Depression II held in check demands for protectionist and inward-looking measures. But now the backlash against globalization – and the freer movement of goods, services, capital, labor, and technology that came with it – ... Read more
Autumn’s Known Unknowns
During the height of the Iraq war, then-U.S. Secretary of Defense Donald Rumsfeld spoke of “known unknowns” – foreseeable risks whose realization is uncertain. Today, the global economy is facing many known unknowns, most of which stem from policy uncertainty. In the United States, three sources of policy uncertainty will come to a head this ... Read more