by John E. Charalambakis | Aug 19, 2010 | Commentaries, Uncategorized
It seems that the economic slowdown is taking root. The consensus forecast for the Philly Index that portrays manufacturing activity for the Eastern part of the country was expected to rise from 5.1 to about 7. On the contrary it fell to negative 7.7. This is a big...
by John E. Charalambakis | Aug 16, 2010 | Commentaries, Uncategorized
As readers of our publications, presentations, and commentaries could confirm, for quite some time now we have been talking about the dangers of over-collateralization, especially of collateralizing paper-assets a.k.a. financial instruments of various forms. Moreover,...
by John E. Charalambakis | Aug 12, 2010 | Commentaries, Uncategorized
James Cain’s book The Postman Always Rings Twice is an allegory of greed, passion, judgment, and even divine intervention. Frank (the novel’s main character) got away with murder the first time. However, the second time around he was wrongly convicted for murder. Here...
by John E. Charalambakis | Aug 9, 2010 | Commentaries, Uncategorized
In our June newsletter, we announced that in a few months we will publish our research on what we believe to be a Chinese bubble. In that issue we showed how the Chinese coincidental and leading indicators point to a slowdown in China. Since then, the numbers have...
by John E. Charalambakis | Aug 5, 2010 | Commentaries, Uncategorized
The period from the mid 1980s to the middle of 2007 is known as the period of great moderation, when inflation was low and stable, unemployment also was low, utilized capacity pretty high, productivity growth rate very healthy, interest rates stable and declining,...