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Revisiting the Libation of Bearers: Aeschylus, the Serpent, and Hotel California (Canceling the Noise, Not by Bread Alone: Part XXIII)

by John E. Charalambakis | May 4, 2023 | Commentaries

Upon return from Troy, Agamemnon is killed by his wife Clytemnestra. Orestes and his sister, Electra, are resolute on killing their mother and her lover, both of whom are thirsty for power. Now, Clytemnestra is having a dream where she gives birth to a serpent. The...

Canceling the Noise, Not by Bread Alone: Part XXII

by John E. Charalambakis | Apr 18, 2023 | Commentaries

Are the financial tremors over? Based on the latest data published by the Federal Reserve Bank of St. Louis (see graph below), it seems that we are returning to some normalcy. However, if the commercial real estate sector in the US and/or Europe starts its own series...

The Anatomy of Underpinning Upheavals: Part II, the Energy Transition

by John E. Charalambakis | Apr 11, 2023 | Commentaries

In the first part of this series, we emphasized China’s ambition to replace (if needed by force) the liberal balance of power with an illiberal autocracy (consequently, limiting the role of the US dollar as the international reserve currency) where useful idiots...

Canceling the Noise, Not by Bread Alone: Part XXI

by John E. Charalambakis | Mar 27, 2023 | Commentaries

What’s wrong with the banks? How did we reach the point where three banks failed within a few days, and a couple more are on life support? How did we come to the point where close to $250 billion was wiped from the market value of US banks in about ten days, while one...

Canceling the Noise, Not by Bread Alone: Part XX

by John E. Charalambakis | Mar 7, 2023 | Commentaries

Since our last commentary in this series, several things have taken place. Let’s recall some of them: Jobs growth (based on January’s number) was much stronger than expected; inflationary pressures exhibited elevated numbers; the economy’s resilience became more...
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