What Is The VIX Missing?

Volatility is exploding almost everywhere... except where most equity investors are looking.

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Armor, Ammunition And Battlefield Adaptation

"The widespread adoption of drones and other unmanned systems is changing warfare, in his view, but it has not eliminated the requirement for conventional military capabilities. Instead, it has exposed..."

The World's Biggest Carry Trade Just Blinked

The US just joined Japan in FX intervention for the first time since 1998. But the real story isn't USD/JPY... it's the $trillions sitting on the global yen carry trade.
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