By: John E. Charalambakis | On: July 8, 2010 |
For some odd reason there exists a split among even the most well-known economists regarding what the current Greek debt crisis means in the grand scheme of things, both for […]
By: John E. Charalambakis | On: July 6, 2010 |
The job report last Friday was dismal. Payrolls fell for the first time this year, indicating that the private sector feels uncertain about the depth of this recovery. We remember […]
By: John E. Charalambakis | On: July 1, 2010 |
In our posting last week we pointed to the fact that while monetary reserves are rising, money supply is contracting due to the inability of banks to identify credit-worthy customers, […]
By: John E. Charalambakis | On: June 28, 2010 |
The G-20 meeting took place last Saturday. We think it’s an oxymoron that world leaders try to address in one-day conferences serious problems that took years to be created. The […]
By: John E. Charalambakis | On: June 25, 2010 |
It’s a fact: Alarm clocks destroy dreams. Let’s destroy the alarm clocks. They wake us up from our dreams; interrupt our narcissistic visions of high flying markets and rosy paths […]
By: John E. Charalambakis | On: June 21, 2010 |
The recent announcement that the Chinese will allow their currency (RMB a.k.a. Yuan) to be more flexible against the greenback was welcomed by US and other monetary authorities. The RMB […]
By: John E. Charalambakis | On: June 16, 2010 |
As we are drafting this commentary, we are hearing that the Spanish auction of 10-year notes went well. We choose to differ on the situation in Spain. Spanish banks have […]
By: John E. Charalambakis | On: July 12, 2010 |
A Prelude on Munis: The Drama of Debt, Deficits, Deflation, Entitlements, PIGS, & Austerity
It seems like these words have become part of every man, woman, and child’s lexicon in the midst of the Great Recession. With issues of debt and liabilities reaching sovereign […]