Commentaires de Palos

The Palos Perspective

The Yellow Brick Road

On October 9, 2025, gold soared 60% y/y to $4,061 an ounce, smashing every record in history, except for its exceptional performance in 1970s, when

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The Palos Perspective

Will the Beat Go On?

The market has been fearless of late with not just low volatility, but also tight credit spreads because there has been little anxiety of stagflation-depressed

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The Palos Perspective

What’s Next?

The Fed has cut its policy rate by 25 basis points, with one dissenting vote, as weak unemployment numbers gave the monetary authorities cover to

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The Palos Perspective

Return of the Gold Standard

John Maynard Keynes, the famous British economist, referred to the gold standard as a “barbarous relic.” He criticized its use because he believed it restricted

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