In the Land of Debt: Foreclosures, Commodities, and Quantitative Easing
The securitization problems seem to be making another comeback in the form of “foreclosuregate”, as the Economist newspaper has labeled its latest phase. Banks seem to be admitting to subpar standards in not just approving loans but also proceeding with foreclosures....O ΣΙΣΥΦΟΣ, ΟΙ ΑΓΟΡΕΣ, ΚΑΙ ΟΙ ΙΣΟΤΙΜΙΕΣ
Ο μύθος του Σίσυφου πρωτοειπώθηκε από τον Όμηρο. Καταδικάστηκε από τους θεούς να κυλά ένα βράχο στην κορυφή ενός βουνού. Η μοίρα της πέτρας ήταν να κατρακυλά πίσω στη βάση του βουνού, και ο Σίσυφος έπρεπε νε ξαναρχίσει πάλι την προσπάθεια από την αρχή. Όταν διαβάζει...Brand Name Icarus: Lessons Learned?
Today China decided to raise its lending and deposit rates. How could we interpret such a move? In the near future we will draft a commentary on Icarus, but let us recall quickly his story. His father Daedalus prepared him wings to fly, warning him not to fly too...A Sishyphonian Symphony: Currencies, Fiat Money, Hard Asssets, and the Puzzle of the Sphinx
Have you seen him lately? He is still rolling that stone up to the hill. He is my good friend, Sisyphus. He was condemned to roll the stone up the hill and as he is approaching the summit, the rock will go down the plain again. So, as I am drafting this, I am...Sign Up for Our Publications
