By: John E. Charalambakis | On: December 11, 2017 |

Banks and Financial Stability: A Uniquely Transformational Story

In the last few days, we had three pretty interesting developments related to the banking sector around the globe: EU developments, Basel 3, and an IMF report regarding China’s banks. […]

By: John E. Charalambakis | On: November 30, 2017 |

Monetary Trends and 2018 Outlook: Searching for Value

The recent data on M3 (a broader definition of money supply that includes money market funds and large time deposits) show that its growth has been 6.5% (year-on-year) and actually […]

By: John E. Charalambakis | On: November 22, 2017 |

Valuation Fatigue and Credit Outlook: An Initial Assessment of 2018

Given the fundamental trends, we expect global growth to remain healthy in 2018, and therefore we also expect that the credit risk appetite will also remain healthy in 2018. Having […]

By: John E. Charalambakis | On: November 15, 2017 |

At the Corridors of Power: Markets and Geopolitical Developments

The proxy war between the Kingdom of Saudi Arabia (KSA) and Iran is intensifying and our fear is that it may ignite a regional conflict with far-reaching global consequences, especially […]

By: John E. Charalambakis | On: November 2, 2017 |

An Initial Look at Key Indicators for 2018: Could the Upswing Continue?

For this week’s commentary, we have chosen to look at three important indicators which could shape up the markets’ trajectory in 2018. We will start with the US which continues […]

By: John E. Charalambakis | On: October 26, 2017 |

Electric Vehicles and Market Penetration: Investment Implications

In this week’s commentary, we opted to discuss electric vehicles (EVs). We are of the opinion that EVs present good opportunities for investment consideration. Such investments could look into at […]

By: John E. Charalambakis | On: October 19, 2017 |

Financial Stability and Business Cycle: Cicero on Risk Migration, Exogenous Shocks, and the Twin Engines

Resilient and liquid financial markets are essential to keeping the global economy going. A decade ago payments systems and capital markets seized up almost everywhere and a year later the […]

By: John E. Charalambakis | On: October 12, 2017 |

Growth Forecasts and Policy Uncertainty: Implications for Portfolio Adjustments

A few days ago the IMF published its annual forecasts for developed and emerging economies. Five things are worth pointing out: First, when we review forecasts made for previous years […]

By: John E. Charalambakis | On: October 5, 2017 |

Market Valuations and Devolution: Mythos, Madness, or an Allegory?

Over the course of the last few days, some important pieces were published on the valuation of equities and bonds. At the same time we observed independent referendums taking place […]

By: John E. Charalambakis | On: September 21, 2017 |

Why Have We Been Switching the Headlines? War Games and the US Dollar

Throughout the ages, war has been the engine of finance. The collusion between Russia and China in the last few weeks and months in order to bypass the US dollar […]