Articles

The US Treasury has never defaulted on its debt obligations in its history, and it is ordinarily considered extremely unlikely to do so. The US government has a high credit rating and is considered a safe haven for investors worldwide.Read →

"Pesoization" typically refers to a process in which a country's citizens or investors lose faith in their own currency and begin to use a more stable currency for transactions and savings.

The US dollar is the ... Read →

I was watching Fareed Zakaria’s interview of Bill Clinton this morning on CNN.

Fareed threw Clinton a complete softball when he asked him whether the US was responsible for Russia’s behavior and unlawful war against... Read →

Regular readers of my articles will know that I lived in Moscow and practiced tax law there from 1994 to 1996.   I also spent time working in Russia and Ukraine in 1990.   My first trip to the former Soviet Union came... Read →

All indications are that Alexei Navalny is sitting in his prison cell in Siberia fighting for his life.   While US National Security Advisor Jake Sullivan finally warned Putin that the US will take action against the Kremlin if... Read →

There is a certain way to solve the current health crisis, and it is right in front of us.

Here in New York, 60% of the population is roaming around with self-made masks or cheap masks that they bought on Amazon covering their ... Read →

America has long been in a leadership role in the world and a marvel of economic expansion.  Our strengths have been defined by an unwillingness to be satisfied with what is now and the assurance that we control the future and our g... Read →

It is going to take a generation for the US and the world to recover from the damage we have incurred, very much in part from our own actions.

We are all now fully aware of the impact and implications of damaging statements mad... Read →

For almost half the nation, Trump has been a welcome change for America (although the other half vigorously feels the other way).  But, he is now seriously out of his area of competence and no longer a legitimate leader. 

It has been 25 years since I graduated from law school and almost as long since I have practiced law.   I am no longer so certain why I went to law school, but I am damn certain that I remember Constitutional law.   T... Read →

The media and Twitter have been abuzz since Donald Trump made an unplanned visit to Walter Reed Medical Center in Bethesda yesterday morning.   Respected media observers, including CNN’s Sanjay Gupta, have highlighted how... Read →

In 2013, Donald Trump entered into a 60-year lease from the General Services Administration for the renovation of the old post office to become the Trump International Hotel in Washington.   The property is leased for $180 mill... Read →

I am as overwhelmed as anyone by the prescience and power of the American Constitution.   It is worthy of accolades for its boldness, brilliance and vision and for its prescient guidance for a vibrant and caring society.  ... Read →

Here are some things that could be interesting in a normal environment:

1. Hearing Joe Biden defend himself and his son Hunter from allegations of misconduct.
2. Seeing Elizabeth Warren’s latest handout propo... Read →

These are dark days for our country, if not yet for financial markets.

While we have survived and even prospered with President Trump for three years, he is now highly unsteady.

Putin recognizes this.   So t... Read →