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Welcome to A Letter from Paul
You found me. There are many Substacks. Why read this one? Because you will understand economics, investing, and geopolitics much, much better. We are…
May 6, 2024
•
Paul Podolsky
2
The Plot Shifts
Not investment advice.
Feb 13
•
Paul Podolsky
8
4
What Changed
Not investment advice.
Feb 5
•
Paul Podolsky
16
2
1
Balance of Power
“US Trade Policy remains unpredictable… a loss of independence of the Fed would affect us all.”
Jan 30
•
Paul Podolsky
13
5
The Precipice
“What’s the concern about there being more process?”
Jan 23
•
Paul Podolsky
11
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Letter from Santiago
Feb 18, 2023
•
Paul Podolsky
15
5
1
Reality Gradually Seeps In
Mar 28, 2025
•
Paul Podolsky
20
5
7
The Global Scan
Sep 1, 2024
•
Paul Podolsky
13
3
Modernity Mindset
Nov 8, 2023
•
Paul Podolsky
13
2
2
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Letter from Sao Paulo
One morning, while I was strolling in the garden, an idea appeared on the trapeze I have inside my head.
Jan 16
•
Paul Podolsky
15
4
2
Opposing Forces
THIS IS NOT INVESTMENT ADVICE.
Jan 9
•
Paul Podolsky
10
1
Poking Holes in the Growth Narrative
Not investment advice.
Dec 19, 2025
•
Paul Podolsky
8
3
1
The Great Debate
NOT INVESTMENT ADVICE.
Dec 12, 2025
•
Paul Podolsky
9
2
1
Slowing Rates of Change
THIS IS NOT INVESTMENT ADVICE.
Dec 5, 2025
•
Paul Podolsky
11
2
When Cash Outperforms
NOT INVESTMENT ADVICE.
Nov 21, 2025
•
Paul Podolsky
12
1
The Wind Comes Out of the Sails
We understood that life, even the worst parts of it, were a shifting mix of happiness and pain, good luck and bad, and that there was no reason to fear…
Nov 14, 2025
•
Paul Podolsky
17
3
2
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A Letter from Paul
Practical, jargon-free description of what is going on in international affairs and financial markets from the Founder and Chief Investment Officer of a global macro hedge fund, Kate Capital. And the price is right...free.
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A Letter from Paul
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