From Anesthetization to Repression: On Market Balkanization, Part III
It seems that we are on a ship, that has lost its anchor, left the port for a journey in uncharted waters, and we suddenly discovered that the gorilla we were carrying on the vessel is out of his cage. The only good news is that the ship’s name is not Titanic! This...On the Balkanization of the Markets: Part II
Last Friday’s evening downgrade by the S&P was ill-timed and ill-advised. We wrote a week ago that we would not be surprised if it took place. We will reiterate our position that August again will prove to be a pivotal month in the financial markets. No need to...The Balkanization of the Debt Markets: Devolution in Uncharted Waters
As we are drafting this commentary, the news is that a deal for the US debt limit is very close to be completed, that will involve the raising of the limit by at least $3 trillion in two phases. It seems that the political theater is approaching its end. Our opinions...Anchoring Optimism in an Era of Anxiety: Reflections on Debt & Financial Stability
As an opening statement allow us to paraphrase David Liss’ claim in his novel A Conspiracy of Paper, where he claims that finance is an animal, and the government needs to decide how big the cage should be. In a few days we will be entering August. The memories of...Sign Up for Our Publications
