New NATO - Who holds the cards ?
European national interests are exposed to unstable arbitrage, and options are volatile - The best of times to boldly stamp NATO's expectations held for the future
Pininvest Insights
facts – however patchy – provide guidance in investment decisions,
performance & risk exposure will be a reality check
NATO - In a crucible
Military preparation for war is indispensable but fortuitous and dependent on the human dimension. In questioning current doctrine, reform will fuse novel weapon systems and data management solutions with disciplined strategy - a challenge for the ages
Globalization, China and Trade Imbalance
The Chinese trade surplus in manufacturing goods is, at $2 trillion, unfathomably large....and growing fast....a death knell of globalization as we knew it, which might finally stir the international order into action ...
Tariffs - the U.S. and the World
Global trade has been upended by the Trump tariff policies and there is no turning back. Each country's political standing will weigh on its economic outcome but all will have to reinvent their trade strategies
China - Undaunted Spirits - 2026
Published every other year in January, with new entries, the article is testimony to the resilience of thinkers committed to China's rich moral, social and political tradition of spiritual life, acting in harmony and without struggle
China's Enduring Malaise - Darkness before dawn ?
Backed in a corner as debt-financed investment growth fails to deliver, the Chinese economy is facing hard choices to rebalance the country's GDP drivers, and its financial system, while remaining protective of the CCP's social contract
U.S. Market - The Law of the Land
How long-forgotten 13th and 14th century political conflicts between Italian cities hold a lesson for the rule of law everywhere, and in America today
Tariff Folly - a Sense of Purpose...
Tariffs are supposed to set the U.S. economy on a virtuous growth path - Now comes the hard part of convincing America's business to make long-term commitments, to re-industrialize and to allocate the considerable financial resources to do so
AI - To bubble or not to bubble ?
AI is a struggle for progress on multiple fronts - the line will never be as smooth as promised – with an array of mutually supportive technologies, staged advances will be a slog, not a sprint
The future of AI – some clarity and many questions
Supersized investments and the race in AI research between the global powers, the U.S. and China, set the stage for an intellectual revolution - but today it is all about AI agent 'evolution'
Business software and AI agents
Value added by software service providers could be challenged by narrowly defined and targeted AI agents - a longwinded process of AI-supported disintermediation is only starting
Oracle shares booming – a trillion-dollar question
Vaulting to the top of the AI ecosystem, on par with the elite hyperscalers, Mr. Ellison is the perennial risk taker, the man with a plan, ready for a fight to reach new heights
Data Centers - a Revolutionary Era
With projected growth rates of at least 10% a year - and probably higher - data storage is in upheaval with infinitely more demanding infrastructure requirements and deep-pocketed Internet giants extending their dominance
U.S. asset inflation and the savings glut
Assets are bound to be in limited supply - it is inexhaustible demand, unshackled by access to abundant credit which needs to be understood
China's Car Industry - Europe's Nemesis ?
The global automotive industry is being challenged by China's tech-driven cars and U.S. tariff wars, supply chains which powered entire economic regions look stolid, and Europe's famed brands are losing their glitter fast
Europe Automotive - Treading Water
A focus on the CO₂ emissions of individual transportation in Europe makes light of social impact on the industrial supply chain, putting at risk the market shares of established car makers and depriving the industry of its strengths in motorization
Stablecoins – what is in a name
By establishing a federal framework for dollar-backed stablecoins, the US Senate paves the way for actual use of these cryptocurrencies in everyday retail transactions - how large a shadow this initiative will cast remains undecided
US Regional Banks - Structural issues
If inflationary anticipations take root, bond holders will suffer losses of a magnitude which has the potential to roil the US banking system - the largest holder of Treasuries - and US banking fragmentation heightens collective risk