Three converging megatrends, and the uncomfortable feeling of change

Bitcoin, AI and Silicon Valley’s new political clout add up to a shift in the global order, and you can feel the ground shaking…

An overvalued president of an overvalued stock market

Financial markets have always controlled governments. Just ask Liz Truss or Matteo Salvini how. And in 2025, the stock market may sink President Trump.

God, climate change and the deficit on Thanksgiving

We had spent the day before Thanksgiving splitting firewood. All day, we loaded the logs — oak, locust, cherry, and poplar — onto the splitter. Once split, the fire logs were stacked in the barn.