By Leslie H. Gelb
What people came to understand about the Cuban missile crisis — that JFK succeeded without giving an inch — implanted itself in policy deliberations and political debate, spoken or unspoken. It’s there now, all these decades later, in worries over making any concessions to Iran over nuclear weapons or to the Taliban over their role in Afghanistan. American leaders don’t like to compromise, and a lingering misunderstanding of those 13 days in October 1962 has a lot to do with it.
In fact, the crisis concluded not with Moscow’s unconditional diplomatic whimper, but with mutual concessions. The Soviets withdrew their missiles from Cuba in return for U.S. pledges not to invade Fidel Castro’s island and to remove Jupiter missiles from Turkey……
via The Myth That Screwed Up 50 Years of U.S. Foreign Policy – By Leslie H. Gelb | Foreign Policy.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.