Paul's Market Insights
Paul's Market Insights is our bi-weekly communique to provide clients with current insights on financial markets.
Written by Paul Siluch
July 18th, 2025
A recent trip to northern Italy got me thinking about sin.
Not sinning – sin. And its current financial parallel.
The grand Milan Cathedral – the Duomo di Milano – is the third largest cathedral in Europe. It took almost 579 years to complete at a cost of approximately US $600 million in today’s dollars (AI estimate). Expensive today, it would have been cosmically expensive for medieval European worshippers,
To finance such grand edifices, the Catholic church became very creative in its fundraising.
