The only constant is change. Over time, demographics, climate, regimes, jurisdictions and natural land and water boundaries change. In 1789, Thomas Malthus published an essay, “On the Principle of ...

It was the Greek philosopher Heraclitus who wrote, “The only constant in life is change.” People weren’t comfortable with change when he wrote that, some 2,600 years ago, and we’re still not.

I follow rates of change in the high-frequency economic statistics, which have kept me on the right side of the market over the past three years, as well as remaining consistent in my outlook for a ...