I used to go home every night as a young Wall Street trader worried about how instability on the “Arab Street” would adversely impact my long unhedged positions.  If you have been a reader of the Global Macro Monitor over the past few years, you know we have been concerned about U.S. political stability. – Global Macro Monitor, May 8, 2020

He was born on the fourth day of July
So his parents called him Independence Day
He married a girl named Justice who gave birth to a son called the Nation
And she walked away

Independence would daydream and he’d pretend
That some day him and Justice and Nation’d be together again
But Justice held up in a shotgun shack
Wouldn’t let nobody in
So a Nation cried…   – John Cougar Mellencamp