Uncertainty

Radical Uncertainty is the title of a new and remarkable book by economist and former Financial Times columnist John Kay and former Bank of England (BOE) governor Mervyn King. Kay…

This is the second installment in the Radical Uncertainty in Finance series. The first explored the origins of probability theory. Commercial considerations determined financial transactions for thousands of years. Interest…

This is the third and final installment in the Radical Uncertainty in Finance series. The first two explored the origins of probability theory and the shortcomings of Modern Finance. Modern Finance has tried…

In finance, as in all walks of life, people tend to see their environment as predictable. With experience, investment professionals acquire a better understanding of markets, become more confident of…

Economic data reflect global supply chain restructuring. Nearly two years into the regionalization, nearshoring, re-shoring, and “friend-shoring” of the global supply chain restructuring process, US and overseas economic data are…