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ET Pro Geopolitical Conflict Monitor

What Were Once Vices Are Now Habits

By Ben Hunt | October 31, 2013 | 0 Comments

The central banks of the West announced today that their temporary swap lines would be made permanent. Like QE itself, the meaning of this emergency…

The Koan of Donald Rumsfeld

By Ben Hunt | October 20, 2013 | 0 Comments

There are known knowns; there are things we know we know.We also know there are known unknowns; that is to say, we know there are…

The Levelers

By Ben Hunt | October 13, 2013 | 0 Comments

Mr. Incredible:  You mean you killed off real heroes so that you could *pretend* to be one? Syndrome:  Oh, I’m real. Real enough to defeat you! And…

A ‘Precise and Predictable’ Yellen Fed?

By Ben Hunt | October 10, 2013 | 0 Comments

The pursuit of greater predictability and transparency in Fed communications is a mistake, particularly in the context of broad guarantees concerning world-shaking policies. We learned…

A World of Guarantees

By Ben Hunt | October 6, 2013 | 0 Comments

“We’re gonna win the game. I guarantee it.” – Joe Namath, 3 days before Super Bowl III “Our torments also may in length of time…

It’s Always Something

By Ben Hunt | September 29, 2013 | 0 Comments

More evidence that QE is no longer an emergency government policy, but is now a permanent government program. epsilon-theory-its-always-something-september-29-2013.pdf (508KB)

Uttin’ on the Itz

By Ben Hunt | September 22, 2013 | 0 Comments

High hats and arrowed collars, white spats and lots of dollars Spending every dime, for a wonderful time If you’re blue and you don’t know…

Heeere Comes Lucky!

By Ben Hunt | September 15, 2013 | 0 Comments

“It is my understanding that the Constitution of the United States allows everybody the free choice between cheesecake and strudel.” – Sky Masterson (“Guys and…

It Was Barzini All Along

By Ben Hunt | September 8, 2013 | 0 Comments

“Tattaglia is a pimp. He never could have outfought Santino. But I didn’t know until this day that it was Barzini all along.” – Don Vito Corleone

Same with Emerging Market growth narratives. It was Developed Market monetary policy all along.

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Shifting Narrative around Central Bank Omnipotence

By Ben Hunt | August 27, 2013 | 0 Comments

The strong Narrative around Central Bank Omnipotence, which solidified in late September 2012, is now clearly weakening in late August 2013. There are two strands…