Transitions have a shape. The mining analysts named a shape like this one after Pierre Lassonde. It starts with a discovery peak, when the narrative outruns the asset, then falls into a capitulation trough, when the asset arrives and the narrative has left. A long consolidation follows, and then a second rise that arrives late…
I. The Konklaavi In May 1992 the President of Finland convened a meeting at the Presidential Palace, inviting eleven judges and legal scholars to discuss the social exercise of judicial power. The real subject was the banking crisis. The Supreme Court had just ruled that a bank could not unilaterally raise a housing loan’s interest…