Letter from Camp Kotok 2025: A Retrospective
This Sunday is the closing day of our annual gathering in Maine. Camp Kotok 2025 fulfilled my highest expectations.
August 10, 2025
David Kotok offers insights and analysis on current economic and political issues and their potential impact on global financial markets. David’s articles and financial market commentaries have appeared in The New York Times, The Wall Street Journal, Barron’s, and other publications. He is a frequent contributor to Bloomberg TV, and Bloomberg Radio, Fox Business, and other media.
This Sunday is the closing day of our annual gathering in Maine. Camp Kotok 2025 fulfilled my highest expectations.
On Thursday evening, three Ukrainian eyewitnesses, one a military veteran, offered grim reports on what Putin’s forces are doing in Ukraine.
A brief report on day one of Camp Kotok, topics under discussion, and what lies ahead this week
Eisenbeis: The Fed is not guilty of anything but doing its mandated job — and well. Plosser: Independent central banks have better policy outcomes.
Standing on the deck at Leen’s Lodge yesterday afternoon, I previewed some of the discussions we will have at Camp Kotok this week.
Join me for a quick video visit to Campobello Island and the Roosevelts’ summer home there.
I comment following Friday’s dismal jobs report, and we turn to a healthcare-related update.
Yesterday’s tariff announcements will shift the size of the tariff shock yet again.
Readers asked for a way to understand the magnitude of the tariff shock. Here’s one way to think about it.
Grok explains its “Mechahitler”; we compare Joseph Goebbels’ propaganda use of radio and the history of antisemitism.
The Real Effective Exchange Rate (REER) is beginning to reflect US policy now aimed at weakening the dollar.
Fed analyst Bob Eisenbeis weighs the Trump administration’s attacks against an independent Fed and the chances that Trump will try to oust Powell.