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Commentary on economy, finance and markets
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Lettera mensile Giugno 2026
Key events In the month of June, global financial markets experienced a paradigm shift, moving…
Monthly letter May 2026
KEY EVENTS During April and the early part of May, markets continued to move in…
Monthly letter April 2026
KEY EVENTS Glimpses of light, perhaps only apparent, and shadows, decidedly concrete, over the Strait…
Monthly letter March 2026
KEY EVENTS The geopolitical context in March was dominated by the war in the Middle…
Monthly letter February 2026
KEY EVENTS The international stage remained relatively calm until the outbreak of war in the…
Monthly letter January 2026
KEY EVENTS Greenland, one of the areas with the most extreme climates on the planet…
Monthly letter December 2025
Key events The probabilities of reaching a negotiated solution to the conflict between Russia and…
Monthly letter November 2025
KEY EVENTS In November, there was an intense diplomatic initiative by the US administration aimed…
Monthly letter October 2025
KEY EVENTS In the days immediately preceding mid-October, the firm resolve of U.S. President Donald…