It has been almost three years now since the rumors started that something was rotten with the Greek public finances. Excesses have been documented. Wasteful expenditures, inefficiencies, and corrupt practices […]

Over the last few weeks, we have argued that we are entering a watershed moment in economic and financial history, when significant decisions have to be made, since kicking the […]

There are good chances that the EU – as we know it – may be headed towards its last tango, made in Berlin. It seems that the EU has lost […]

It seems that the regime in Syria is going through its last phase. The emerging civil war may wrap up the first phase of the face-lift in the Middle East. […]

I am of the opinion that one of the many things we should always remember from the great teacher is that the “unexamined life is not worth living”. It seems […]

People are wondering these days: “Where is the stock market going?” Analysts look at charts, at P/E ratios, at profit margins and several other figures and try to make pronouncements […]

A general perception that the global economy is slowing down seems to prevail. At the same time the Euro zone crisis – in spite of the measures taken – will […]

The markets celebrate today the outcomes of the EU summit. The delusion that through more debt and political manipulations the cancer can be treated is truly the amalgam of illusion […]

About two weeks ago, we were assured by the government in Spain that they only needed about €50 billion for their banks. All of a sudden the €50 billion became […]

Fifteen years ago the global markets were getting ready to “welcome” the Asian financial crisis. The cause of that crisis? Declining multifactor productivity from Thailand and Taiwan, to Indonesia and […]