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Africa’s Three Waves of Coups

Generalising about the 100 coups in post-independence Africa is difficult, but common primary drivers can be discerned. The toppling of King Farouk in 1952 by the Egyptian army marked the beginning of military intervention to gain…

Restrictive Yields Could Be Fed’s Waterloo

Restrictive monetary conditions, from higher yields and tighter lending conditions, are the Fed’s “Waterloo.” If you don’t remember, the “Battle of Waterloo” was fought on June 18th, 1815. The battle was a catastrophic defeat for the…

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