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Sovereign risk is typically the domain of people on Wall Street, Multinational corporates, & those in business schools. Most Americans don't think much about our own sovereign risk because the United States has been where others go to escape it. We have been the reserve currency.

We pay lower interest rates on our debts (both governmental and personal) because our nation has been the lender of last resort and the world's reserve currency.

Because of my experiences working around the world dealing with non-democratic states,I have on occasion been retained to go into countries for clients to assess political risk before they invest. Typically, they want to know if government changes will put their investments at risk to the changing domestic tides.


Today, our political culture has far more in common with places like Hungry, Haiti, Senegal, or Thailand than with countries like Germany, Canada, or the United Kingdom. We now rank 57th Globally in terms of how our politics is played.

If you think, well, this is just a bunch of Europeans judging us, ask yourself -- do Canadian chant "lock them up" to political opponents? Do Brits storm the houses of parliament to overturn elections?

Do Japanese who feel they can't trust the police take to the streets and burn police precincts? Unfortunately, those things do happen in the places which are now our peers.

The bottom line is that all of those are places where people like me get retained to do sovereign political risk assessments. Today, if I were asked to do such an assessment in the United States, I would conclude a level of political risk that has never been present before.

https://threadreaderapp.com/thread/1417 ... YNPgX8UIwc

kalm wrote: ↑Tue Jul 20, 2021 9:39 am MAGA.

Sovereign risk is typically the domain of people on Wall Street, Multinational corporates, & those in business schools. Most Americans don't think much about our own sovereign risk because the United States has been where others go to escape it. We have been the reserve currency.

We pay lower interest rates on our debts (both governmental and personal) because our nation has been the lender of last resort and the world's reserve currency.

Because of my experiences working around the world dealing with non-democratic states,I have on occasion been retained to go into countries for clients to assess political risk before they invest. Typically, they want to know if government changes will put their investments at risk to the changing domestic tides.


Today, our political culture has far more in common with places like Hungry, Haiti, Senegal, or Thailand than with countries like Germany, Canada, or the United Kingdom. We now rank 57th Globally in terms of how our politics is played.

If you think, well, this is just a bunch of Europeans judging us, ask yourself -- do Canadian chant "lock them up" to political opponents? Do Brits storm the houses of parliament to overturn elections?

Do Japanese who feel they can't trust the police take to the streets and burn police precincts? Unfortunately, those things do happen in the places which are now our peers.

The bottom line is that all of those are places where people like me get retained to do sovereign political risk assessments. Today, if I were asked to do such an assessment in the United States, I would conclude a level of political risk that has never been present before.

https://threadreaderapp.com/thread/1417 ... YNPgX8UIwc

The lagging indicator, & more troublesome, is the EIU's conclusions about the decline in our political culture. Since Donald Trump's arrival on the political scene, it has fallen off a ledge.

kalm wrote: ↑Tue Jul 20, 2021 9:39 am MAGA.

Sovereign risk is typically the domain of people on Wall Street, Multinational corporates, & those in business schools. Most Americans don't think much about our own sovereign risk because the United States has been where others go to escape it. We have been the reserve currency.

We pay lower interest rates on our debts (both governmental and personal) because our nation has been the lender of last resort and the world's reserve currency.

Because of my experiences working around the world dealing with non-democratic states,I have on occasion been retained to go into countries for clients to assess political risk before they invest. Typically, they want to know if government changes will put their investments at risk to the changing domestic tides.

Today, our political culture has far more in common with places like Hungry, Haiti, Senegal, or Thailand than with countries like Germany, Canada, or the United Kingdom. We now rank 57th Globally in terms of how our politics is played.

If you think, well, this is just a bunch of Europeans judging us, ask yourself -- do Canadian chant "lock them up" to political opponents? Do Brits storm the houses of parliament to overturn elections?

Do Japanese who feel they can't trust the police take to the streets and burn police precincts? Unfortunately, those things do happen in the places which are now our peers.

The bottom line is that all of those are places where people like me get retained to do sovereign political risk assessments. Today, if I were asked to do such an assessment in the United States, I would conclude a level of political risk that has never been present before.

https://threadreaderapp.com/thread/1417 ... YNPgX8UIwc

kalm wrote: ↑Tue Jul 20, 2021 9:39 am MAGA.

Sovereign risk is typically the domain of people on Wall Street, Multinational corporates, & those in business schools. Most Americans don't think much about our own sovereign risk because the United States has been where others go to escape it. We have been the reserve currency.

We pay lower interest rates on our debts (both governmental and personal) because our nation has been the lender of last resort and the world's reserve currency.

Because of my experiences working around the world dealing with non-democratic states,I have on occasion been retained to go into countries for clients to assess political risk before they invest. Typically, they want to know if government changes will put their investments at risk to the changing domestic tides.


Today, our political culture has far more in common with places like Hungry, Haiti, Senegal, or Thailand than with countries like Germany, Canada, or the United Kingdom. We now rank 57th Globally in terms of how our politics is played.

If you think, well, this is just a bunch of Europeans judging us, ask yourself -- do Canadian chant "lock them up" to political opponents? Do Brits storm the houses of parliament to overturn elections?

Do Japanese who feel they can't trust the police take to the streets and burn police precincts? Unfortunately, those things do happen in the places which are now our peers.

The bottom line is that all of those are places where people like me get retained to do sovereign political risk assessments. Today, if I were asked to do such an assessment in the United States, I would conclude a level of political risk that has never been present before.

https://threadreaderapp.com/thread/1417 ... YNPgX8UIwc

UNI88 wrote: ↑Tue Jul 20, 2021 10:18 am

kalm wrote: ↑Tue Jul 20, 2021 9:39 am MAGA.

MAGA? This criticism goes beyond MAGA. MAGAts aren't storming police precincts and courthouses.

Trump might have brought it to a head but the decline started long before Trump. Democrats obstructed, criticized and mocked Trump. Republicans obstructed, criticized and mocked Obama. Democrats obstructed, criticized and mocked Dubya.

Trump and the MAGAts are not the cause of the affliction. They are a symptom.

andy7171 wrote: ↑Tue Jul 20, 2021 11:20 am Kalmy gets so busy blurring the lines of appeasement, mollycoddling and general wishy-washyness that he forgets which side he intends to "GOTCHA"

Ibanez wrote: ↑Tue Jul 20, 2021 11:03 am How does one abolish profit? Do these dumb-dumbs actually believe humans/corporations/governments are actually capable of altruism?

kalm wrote: ↑Tue Jul 20, 2021 1:16 pm

Ibanez wrote: ↑Tue Jul 20, 2021 11:03 am How does one abolish profit? Do these dumb-dumbs actually believe humans/corporations/governments are actually capable of altruism?

I must have missed where the author suggested abolishing profit.

Humans are capable of altruism. I’d like to think that you, are altruistic.

What use is a corporation or government if they are not altruistic?

kalm wrote: ↑Tue Jul 20, 2021 1:16 pm

Ibanez wrote: ↑Tue Jul 20, 2021 11:03 am How does one abolish profit? Do these dumb-dumbs actually believe humans/corporations/governments are actually capable of altruism?

I must have missed where the author suggested abolishing profit.

Humans are capable of altruism. I’d like to think that you, are altruistic.

What use is a corporation or government if they are not altruistic?

kalm wrote: ↑Tue Jul 20, 2021 12:53 pm

UNI88 wrote: ↑Tue Jul 20, 2021 10:18 am

MAGA? This criticism goes beyond MAGA. MAGAts aren't storming police precincts and courthouses.

Trump might have brought it to a head but the decline started long before Trump. Democrats obstructed, criticized and mocked Trump. Republicans obstructed, criticized and mocked Obama. Democrats obstructed, criticized and mocked Dubya.

Trump and the MAGAts are not the cause of the affliction. They are a symptom.

All I want is to Make America Great Again...and all hell breaks loose.

But you raise some fair points. This thread has potential...

Pwns wrote: ↑Tue Jul 20, 2021 1:57 pm "I was going to build a plant in America, but I'm afraid a bunch of MAGA men might burn it down."

-No one ever

houndawg wrote:

Pwns wrote: ↑Tue Jul 20, 2021 1:57 pm "I was going to build a plant in America, but I'm afraid a bunch of MAGA men might burn it down."

-No one ever

I used to make good money picking fruit until all them eelegals showed up

CID1990 wrote: ↑Tue Jul 27, 2021 9:09 pm

houndawg wrote:
I used to make good money picking fruit until all them eelegals showed up

Maybe you shouldnt have quit your job bushhogging the interstate median


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Ivytalk wrote: ↑Wed Jul 28, 2021 7:58 am

CID1990 wrote: ↑Tue Jul 27, 2021 9:09 pm
Maybe you shouldnt have quit your job bushhogging the interstate median


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Bushhoggi. Wasn’t he that journalist that was murdered by Saudi thugs?

CID1990 wrote: ↑Tue Jul 27, 2021 9:09 pm

houndawg wrote:
I used to make good money picking fruit until all them eelegals showed up

Maybe you shouldnt have quit your job bushhogging the interstate median


Sent from my iPhone using Tapatalk

CID1990 wrote: ↑Tue Jul 27, 2021 9:09 pm

houndawg wrote:
I used to make good money picking fruit until all them eelegals showed up

Maybe you shouldnt have quit your job bushhogging the interstate median


Sent from my iPhone using Tapatalk