by John E. Charalambakis | Jul 6, 2015 | Commentaries, Uncategorized
Most of us at some point were exposed to a great teacher. Joel Fingerman was that teacher for me. Joel taught me in one of his quantitative classes (Business & Economic Forecasting) that the only certain thing about a forecast is that it will be wrong in one way...
by John E. Charalambakis | Jul 4, 2015 | Commentaries, Uncategorized
Let me state it from the beginning: This Greek referendum is absurd simply because the government has failed its people, and also because the troika’s boneheaded mentality did not allow her to cut a deal with the previous government last fall (if the latter had taken...
by John E. Charalambakis | Jun 28, 2015 | Commentaries, Uncategorized
Theories are not extracted from history. On the contrary, theories are needed in order to interpret history. Economic phenomena are ordered in accordance to definite laws. Understanding the relationships among economic variables is pivotal in assessing forthcoming...
by John E. Charalambakis | Jun 16, 2015 | Commentaries, Uncategorized
Rembrandt’s painting portraying the return of the prodigal son is an amazing and monumental piece of art. It signifies the most joyful moment of reuniting a family and starting a new chapter/direction in everyone’s life. No matter how many times someone has seen the...
by John E. Charalambakis | Jun 9, 2015 | Commentaries, Uncategorized
We live in an epoch where volatility is becoming a trademark. We try to discover causes for this and all we are successful in doing is reshuffling symptoms. Like lemmings we follow a herd mentality that resembles a dance of morons. And as we are dancing along the...