Tag Archives: Thucydides Trap

Watching Gold

Gold is looking interesting. Fundamentally, it shouldn’t as the Fed is tightening the screws on liquidity, the ECB is ready to stop the printing press, and international reserves continue to decline. Check out the chart.  Higher lows since August,  a … Continue reading

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The Word for Today: Thucydides Trap

The Greek historian’s metaphor reminds us of the attendant dangers when a rising power rivals a ruling power—as Athens challenged Sparta in ancient Greece, or as Germany did Britain a century ago. Most such contests have ended badly, often for … Continue reading

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