The CIO & Gresham Letters seeks to underscore the importance of social, political, and financial histories in the formulation of investment decisions and theses in the present day. Through the examination of history, the Letters seeks to illustrate how past events have shaped the present and therefore have relevance today and in the future.
The authors ask the reader to be open to the possibility that an awareness of such histories represents an opportunity to answer complex and current investment questions more comprehensively. The hope is that those answers will then contribute to a more thoughtful and robust asset allocation (or trade idea) than might otherwise have been the case.
The Letters are published between eight and ten times a year on a range of topics.
Gresham Letters
Gresham Letter XVI - End Of Our Monetary Era
SLOUCHING TOWARDS THE END OF OUR MONETARY ERA
Geopolitics, Trade, and Gold in the New Yeatsian Age
Gresham Letter XV - Commodities In The Age Of Uncertainty - December 2022
EXPLORING THE AGE OF UNCERTAINTY
The Impact of Secular Political and Demographic Trends to 2030 and Beyond
Gresham Letter XIV - Hobsbawm's Histories - September 2022
HOBSBAWM’S HISTORIES AND DREAMS OF BRICS
Periodization and the Demise of the Age of Convergence
Gresham Letter XIII - New Inflationary Age - May 2022
LOOKING BACKWARDS TO THE NEW INFLATIONARY AGE
Using the History of Inflation to Anticipate Our Future
Gresham Letter XII - Four Observations From 2021 - March 2022
FOUR OBSERVATIONS FROM 2021
Thoughts on the War in Ukraine
Gresham Letter XI - Part III of III - December 2021
TWELVE REASONS REVISITED: PART III OF III
Seven arguments from the bottom up
Gresham Letter X - 12 Reasons Revisited Part II - November 2021
TWELVE REASONS REVISITED: PART II OF III
Five arguments from the top down
Gresham Letter IX - 12 Reasons Revisited - September 2021
TWELVE REASONS REVISITED: PART I OF II
Increasing context with a four-cornered framework before revisiting the thesis statement and checking the supporting arguments
Gresham Letter VIII - Inflation - June 2021
UNINFLATED 24” BALLOON $1.99 INFLATED 24” BALLOON $7.99
Being a Cassandra, Central Bank Conundrums, & Four Arguments for Inflation
Gresham Letter VII - Agflation Pt. 2 - March/April 2021
THE CIA, PERUVIAN ANCHOVIES, THE ‘SHOYU SHOKU’ & THE GREAT GRAIN ROBBERY
Constructing a thesis on the long-term outlook for agflation (Part II of II)
Gresham Letter VI - Agflation - February 2021
ON THE CONVENIENCE OF ECONOMIC & POLITICAL STABILITY
Constructing a Thesis on the Long-Term Outlook for Agflation (Part I of II)
Gresham Letter V - The Coming Decade - December 2020
THE COMMODITY BULL MARKET OF THE 2020s
Gresham Letter IV - Commodities - November 2020
PURPOSE IS BUT THE SLAVE TO MEMORY
1997-1999: The Genesis of a Commodity Bull Market
Gresham Letter III - Inflation - September 2020
“DO NOT ADJUST YOUR MIND THE FAULT IS WITH REALITY"
America, 1946-1959: The Beginnings of Inflation in the Atomic Age
Gresham Letter II - Gold - July/August 2020
BETWEEN PAST AND FUTURE
Past Money, Present Debt, and the Future of Gold
Gresham Letter - I - Monetary Policy - June 2020
MONETARY POLICY TO JOURNEY’S END: A BRIEF REVIEW
From Zenith to Zero in Forty Short Years
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