by John E. Charalambakis | Jun 1, 2017 | Commentaries, Uncategorized
Moody’s downgrade of Chinese debt a few days ago was treated like a non-event. Chinese domestic bond prices did not change and Chinese equity prices actually rose. Is that a sign of complacency?Chinese corporate sector debt exceeds 165% of China’s GDP. Of course when...
by John E. Charalambakis | May 24, 2017 | Commentaries, Uncategorized
Over the course of the last year, investors poured billions of dollars into emerging markets, seeking higher yields and higher overall returns. Emerging markets have rewarded that trust, and as things are shaping up, it would not be surprising if emerging markets...
by John E. Charalambakis | May 17, 2017 | Commentaries, Uncategorized
A major Chinese conference related to the New Silk Road ended two days ago. The conference centered on the theme of “One Belt, One Road”, which is the Chinese equivalent of a Marshall Plan to dominate world trade via controls of railways, shipping routes, power...
by John E. Charalambakis | May 9, 2017 | Commentaries, Uncategorized
There are revolutions, wars, and historical periods that have defined global developments and carry significant weight in shaping up the world economy to this day. There is little if any doubt that France during the Revolutionary Wars, Britain during the Napoleonic...
by John E. Charalambakis | May 3, 2017 | Commentaries, Uncategorized
By 460 CE the Roman Army was dominated by Germanic troops. By that time they had also forgotten a basic lesson that it is the army that elects the Emperor. By 475 CE, the barbarian chief Odoacer replaced the Roman emperor with himself. The citizens of Rome selected...