-Wintershall suspends common dividend “until further notice.” -Are we in the world of Hobbes or the world of Rousseau? This is unknown territory for the global economy. US Treasury Secretary Steven Mnuchin warned lawmakers that unemployment could hit 20% without some sort of extraordinary stimulus package. Global isolation has cut off key sectors of the … More The Daily Dose
-Saudi Arabia starts a dangerous game of chicken -V-shaped or U-shaped, recovery will happen. No part of this movie looks familiar on the surface. The global economy as we know it, or at least those parts of it most deeply connected to society, are shutting down. Borders are closing and people are staying home, putting … More The Daily Dose
The Geopolitical Energy and Risk Monitoring Report Risk level: RED RED: Severe (+/- 4%) ORANGE: High (+/- 3%) YELLOW: Elevated (+/- 2%) BLUE: Guarded (+/- 1%) THE BOOSTER SHOT Ask the right questions and don’t panic. $60/bbl Brent seems like a dream. The liberal world order is unraveling and the global economy is faltering. National … More The Level-of-Analysis Problem
The GERM Report 