In the summer months of 1944 World War II had taken a clear trajectory. The deadliest war period in human history was approaching its end. At that time the US […]

If we took a five-minute helicopter view of the global economic landscape, what would we have observe? Starting from the country of the rising sun, we could say that Japan […]

It is an undisputed fact that the over-collateralization of assets (including toxic ones prior to 2008) and the securitization explosion that took place between 2000-2007, created the seeds of the […]

The tale of the last two-three weeks seems to have given room to a market upswing that is softening due to some rising concerns. Chinese government’s stock market intervention subsided […]

Most of us at some point were exposed to a great teacher. Joel Fingerman was that teacher for me. Joel taught me in one of his quantitative classes (Business & […]

Let me state it from the beginning: This Greek referendum is absurd simply because the government has failed its people, and also because the troika’s boneheaded mentality did not allow […]

Theories are not extracted from history. On the contrary, theories are needed in order to interpret history. Economic phenomena are ordered in accordance to definite laws. Understanding the relationships among […]

Rembrandt’s painting portraying the return of the prodigal son is an amazing and monumental piece of art. It signifies the most joyful moment of reuniting a family and starting a […]

We live in an epoch where volatility is becoming a trademark. We try to discover causes for this and all we are successful in doing is reshuffling symptoms. Like lemmings […]

In a recent study by the McKinsey Institute total credit market debt in China is shown as the largest in the world, and that is only what we know of. […]