by John E. Charalambakis | Aug 11, 2020 | Commentaries
During the month of July, economic momentum lost ground, as portrayed by the Consumer Sentiment Index shown below. Data related to employment, spending, and mobility also reflected the slow down. Caution is also expressed regarding the next 2-3 months as the flu...
by John E. Charalambakis | Aug 4, 2020 | Commentaries
Sometimes I feel that I have no answers, and as a teacher my role is to question my students’ answers. When unrestricted growth and concentrated power is amassed at the hands of a few players, then the economy may end up stagnating, inequalities may start exploding,...
by John E. Charalambakis | Jul 28, 2020 | Commentaries
In his sixth section of “Meditations in Time of Civil War”, the famous Nobel laureate Irish poet (and pillar of literature) William Butler Yeats writes: “We had fed the heart on fantasies, the heart’s grown brutal from the fare. More substance in our enmities than in...
by John E. Charalambakis | Jul 21, 2020 | Commentaries
Homer taught us the contrasting qualities of leaders. Achilles was a man of action. Odysseus was a man of words. Both envisioned strategy from different perspectives. One represented strength. The other cunning. Later Machiavelli named those perspectives as force and...
by John E. Charalambakis | Jul 7, 2020 | Commentaries
When we look at US jobs data, we get a clear picture that more than 7 out of the 22 million jobs lost during the Covid-19 crisis have been recovered. That fact by itself is a powerful factor in explaining the market’s recovery. However, the surge of infections...