By: John E. Charalambakis | On: February 6, 2012 |
The argument of this commentary is as follows: The market experiences an upswing (which we anticipated and started commenting on December 21, 2011) due to two basic facts: First, the […]
By: John E. Charalambakis | On: January 30, 2012 |
Today the EU leaders are gathering again for another summit! More than two years into their crisis, they cannot get their act together while continuing on the same path of […]
By: John E. Charalambakis | On: January 25, 2012 |
The news from the United Kingdom this week implied that more quantitative easing and money printing is coming to the U.K. economy soon. When we take into account that high […]
By: John E. Charalambakis | On: January 18, 2012 |
The macroeconomic picture – globally – does not look that promising. Trends need to be reversed in order to avoid the dawn of the waste land. However, for the near […]
By: John E. Charalambakis | On: January 11, 2012 |
Mer(kel) has lately been enjoying one of her highest favorable ratings in her political career in Germany. (Sar)ko(zy) is up in the polls but still behind his main opponent (Francois […]
By: John E. Charalambakis | On: December 28, 2011 |
Recently I finished reading an excellent book by James Rickards entitled Currency Wars. Let me quote from the concluding chapter: “The dollar, for all its faults and weaknesses, is the […]
By: John E. Charalambakis | On: December 21, 2011 |
Liquidity has dried up in Europe. Banks in the greater EU are unable to refinance their unsecured bonds that are approaching maturity. Moody’s cut the credit rating of French banks […]
By: John E. Charalambakis | On: December 12, 2011 |
In the last few days the markets tried to breathe a breath of new life and optimism in the midst of developments in the EU and the initiatives taken by […]
By: John E. Charalambakis | On: December 2, 2011 |
Jean-Philippe Rameau’s compositions stand out as the epitome of Rococo style. His opera “Hippolyte Et Aricie” was the first work to which the term “Baroque” was applied. The opera is […]
By: John E. Charalambakis | On: February 11, 2012 |
Abyssus Abyssum Invocat: On Liquidity Premiums and the Broadening of the Collateral Base
The calls heard last week from the southern periphery of the EU seem to be coming from the abyss. The Greek economy is in her fifth year of contraction, the […]