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(Photo Credit: Martin Bernetti / AFP via Getty Images)

The article was originally published in “The Musings Of A Politics Junkie & Closet Economist.” To read more, please visit the website.

A new social contract and constitution should still be Chilean…

A modern conversation on socialism in the United States usually dies with the verbal sword: “Do we want to become Cuba, Venezuela, or the Soviet Union?” In Latin America, socialism finds life support with a few simple words: “Look at the Nordic countries.” The comparison unfortunately is laden with misconceptions about policies in the countries and falsehoods on democratic socialism.

Far from being socialist, the Nordic countries are…


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French Finance Minister Bruno Le Maire, wearing a protective face mask, leaves following the weekly cabinet meeting at the Elysee Palace. (Photo Credit REUTERS/Gonzalo Fuentes)

The article was originally published in “The Musings Of A Politics Junkie & Closet Economist.” To read more, please visit the website.

Whether loans or grants, the bill will be hefty and still may not prevent economic catastrophe….

When the fireworks went off (social distance permitting) in many countries to celebrate the New Year, the sentiment in many countries was that 2021 would be different. The feelings made sense. Vaccines had been approved with distribution around the corner. Equity markets were rising, and businesses were planning office re-openings. And politicians were talking the next phase and post-covid life.

The New…


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(Photo Credit: Hamzeh/EPA/Shutterstock)

The article was originally published in “The Musings Of A Politics Junkie & Closet Economist.” To read more, please visit the website.

Dispersing with the political and economic remnants of civil war….

This is not Lebanon. This is Lebanon. Maybe both statements are true.

The hope, the destruction, and the hope again…or is it the destruction, the hope, and the destruction again?

Lebanon has long swept its challenges under the rug and celebrated its successes. But the explosion back on August 4th in the port area of Beirut — the capital of Lebanon — , in a figurative and physical…


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The article was originally published in “The Musings Of A Politics Junkie & Closet Economist.” To read more, please visit the website.

The distribution of vaccines is changing the economic outlook in 2021 with most politicians and investors forecasting a continued recovery. Yet the political and economic risks that preceded the covid-19 pandemic remain alongside the lockdown measures necessary to combat the virus.

The year will be turbulent for some countries as public confidence and investor sentiment vacillates with optimism and skepticism on vaccine acceptance rates and economic output numbers. …


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An image of rolled up currency around the world. (Photo Credit: Shutterstock)

Putting Uzbekistan, Turkey, and Ukraine under the microscope

The article was originally published in “The Musings Of A Politics Junkie & Closet Economist.” To read more, please visit the website.

The month of November was positive. Markets trended upward with justification in some situations and bet on pure hope in other situations.

December may provide a reversion to the mean. That said, below are three markets to watch:

Uzbekistan

Betting long on the banking sector…not sure yet

Uzbekistan is changing…it has been a long four years since the death of former Uzbek President Islam Abduganiyevich Karimov and his iron-fist style of…


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The article was originally published in “The Musings Of A Politics Junkie & Closet Economist.” To read more, please visit the website.

Trade, commerce, and economic growth…why discuss other things, at least, for now?

We are less than 60 days away from inauguration day for president-elect Joe Biden. Some South American politicians and activists, including Argentinian President Alberto Fernández and Uruguayan President Luis Lacalle Pou, seemingly cannot wait for that day. Others, such as Brazilian President Jair Bolsonaro, may be more hesitant. Both sides should be excited and cautious.

A Biden administration should be expected to be a partner to…


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The article was originally published in “The Musings Of A Politics Junkie & Closet Economist.” To read more, please visit the website.

A Biden presidency will be more diplomatic and engaging with Europe…so goes the thinking of many Joe Biden supporters. The thinking appears to have some believers in Europe, considering some quick congratulations from European Union (EU) officials to Joe Biden on his election to the U.S. presidency. Biden has said he wants to “elevate diplomacy as the United States’ principal tool of foreign policy.” He may want to get the U.S. “back at the head of the table”…


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(Photo Credit: ATA Financial Research)

The article was originally published in “The Musings Of A Politics Junkie & Closet Economist.” To read more, please visit the website.

Back in March when covid-19 hit Italy (and the world was still coming up the learning curve on the virus), Italians (and many non-Italians) were first convinced of the seriousness of the disease by the images of patients hooked up to ventilators and later the videos of Italians doctors in personal protective equipment (PPE) and patient’s relatives talking of losing loved ones. …


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The article was originally published in “The Musings Of A Politics Junkie & Closet Economist.” To read more, please visit the website.

“Nothing can be said to be certain, except death and taxes.”

– Benjamin Franklin

The quote is usually attributed to Benjamin Franklin though others have also attributed the quote to two earlier writers: Daniel Defoe in “The Political History of the Devil” (1726) wrote “Things as certain as death and taxes, can be more firmly believed,” while in Christopher Bullock’s “The Cobbler of Preston” (1716) there appears the line, “Tis impossible to be sure of anything but Death…


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The article was originally published in “The Musings Of A Politics Junkie & Closet Economist.” To read more, please visit the website.

Global economies are struggling in the covid-19 pandemic. That is not surprising. But are we underestimating the challenges?

Tens of millions have lost their jobs and many businesses have lost trillion of dollars. But the losses have been massaged by the government money poured into the financial systems across the globe generally underwritten by debt capital markets. While the increase in borrowing is a solution today, it may be the problem tomorrow.

It goes without saying that another…

Kurt Davis Jr.

Investor, Banker, Advisor, Writer / Speaker, Council on Foreign Relations, Chicago Booth MBA, UVA JD, Avid Traveler, Foodie, Politics Junkie & Closet Economist…

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