According to the latest employment data the average pace of job gains in the US has accelerated and now stands at the highest level in the last few years, as […]

In a recent article Bloomberg reported the following pertaining to the gold market in China: “China’s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold […]

How could ISIS, a group of few thousand radical Islamists (a.k.a. Islamic State of Iraq and Al-Sham) be able to gain control of such vital areas and threaten energy, geopolitical, […]

The past two weeks have been quite historical. Let’s review some facts and ponder about the direction of the markets in the foreseeable future. Euroskeptics won major battles in several […]

One of the greatest privileges in my life is to sit down with people I admire and be taught important lessons. I had that honor again last Thursday in London, […]

Early this morning I was listening to the announcement about Deutsche Bank’s (DB) profits, which came in “better than expected” and hence its stock price gained more than 2% for […]

This commentary serves as an initial attempt to explain the financial crisis, the current market upswing, and the potential brewing crisis which in a few years time could change the […]

Just a few days ago an event took place in Australia that received very little coverage. Fearing a run on a bank the Australian government guaranteed deposits up to $1 […]

What a week! It had everything. The Greek bond offering was oversubscribed four times while the Chinese bond auction failed! This is great, isn’t it? Greece is the new China. […]

I landed in St. Petersburg around midnight. Got into a taxi (an old Volga bought by the driver in former Eastern Germany when he was serving there on a special […]