Kowtow now

February 02, 2026 |Mark Ryan
Good afternoon. It’s an essay. You’re welcome. There’s the kowtow, and then there’s the "grand kowtow." The latter involves slowly kneeling and bowing so deeply that one’s forehead hits the floor – three times. This ritual was once mandatory for foreign...
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Moses Supposes His Toses are Rose

January 23, 2026 |Mark Ryan
Good afternoon, Top Risks for 2026: This report (below) from RBC, was not written about Davos per se, but came out just before it, and touches on many of the themes we’ve seen dancing across our screens all week, not as with a script but with overtones...
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Street food

January 16, 2026 |Mark Ryan
Good afternoon, I mentioned snowbirds last week but could have added that more than a few have also grown tired of it. Data below, from Bloomberg, shows growing Trump fatigue among Canadians with the means to travel. Canadians took 28% fewer trips to...
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Fresh Takes

January 12, 2026 |Mark Ryan
Good afternoon, and Happy 2026! Several of my clients and a few friends are heading to sunny and warm climes this month, and not coming back until weather is more palatable. That seems fair, given they have worked so hard here many winters on end. But...
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Soviet Vending Machine

December 30, 2026 |Mark Ryan
Good afternoon, After having a brussels sprout jammed into your ear by your sister, sometime during Christmas break, you might find yourself looking for a quiet escape from the Hallmark-movie-turned-Jerry-Springer-episode unfolding in your living room...
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Combing it over

December 09, 2025 |Mark Ryan
Cat on a not-hot roof: Working on an outdoor chimney installation last weekend, I gave my wife my excuse for the turtley progress -- Every afternoon, around 2:30, the sun starts its winddown, and just then a biting wind kicks up, and my 60+ bones say:...
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AI goes to the barber

November 25, 2025 |Mark Ryan
Good afternoon, In the AI world, tangible reality bumped up against exuberance over the past few days, and despite a strong finish today, Movember is looking like a bit of a haircut as we near the end of an otherwise strong year-to-date. In this vein...
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A real gem

November 10, 2025 |Mark Ryan
Good afternoon, A late Friday rally kept a weak week from worse numbers, largely in response to high overall prices amidst data uncertainty and a US government shutdown. Also… diamonds. Lots of them. More on markets further below, but first... The Empress...
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3 1/2 weeks

October 17, 2025 |Mark Ryan
Good afternoon, It's when we slurp those last few drops of chocolate milk, then set the carton down to wait for the milky film stuck to the inside walls to accumulate at the bottom, then slurp it again. Then we repeat the move a bit later, but we stop...
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On its own shoulders

October 15, 2025 |Mark Ryan
Good afternoon. The word of the week is: “nonlinearly.” As in, the trail up the mountain takes us higher in a nonlinear way. A recent study out of Stanford suggests that we age nonlinearly -- old age is a curveball – and it really does sneak up on us...
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