Market Developments in the Wake of the Japanese Catastrophe: Are we Facing a Rising Global Financial Entropy ?
The global equities market and its bullishness has experienced a shock. By some historical standards such as the P/E ratio and the forward-looking earnings multiple, the markets (at least some sectors) are overvalued, and thus the Japanese catastrophe becomes an...On Hotspots, Part IV: The Geopolitics of Pakistan
Since our last post covering global hot spots, the protest movements throughout the Middle East have only continued and picked up in intensity. Oman, Saudi Arabia (BTW for how long will it be known as Saudi Arabia and not just Arabia?), Iran (theocracy is dead, and...A Treacherous Rebalancing Act: A Currency View
Bob Dylan’s song “The times they ‘re a changing”, fits pretty well in today’s global picture. The landscape is changing indeed. Where should we start? In the Arab world? In the fiscal imbalances in the EU but also in the US? In the credit mechanism and its collateral...Birth Pains: Petrostates, Oil Prices, and the Emerging Middle East Landscape
Over the weekend the headline news was about the continuing turmoil in Arab countries. The reports state that over 200 people are dead in Libya, after the “firing on civilians” took place. The autocratic regime of Gaddafi may be cracking after more than 40 years in...Sign Up for Our Publications
