The Return of the Son of Nothing: Greece and the EU after Wandering the Wasteland

by John E. Charalambakis | Jul 4, 2015 | Commentaries

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...

Financial Steroids: Greece, China and the Lopsided Approach to Unnatural Policies

by John E. Charalambakis | Jun 28, 2015 | Commentaries

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...

Prodigal Families and Comical Tragedies: The Cannibalization of the Price of Capital

by John E. Charalambakis | Jun 16, 2015 | Commentaries

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...

Dancing with Lemmings: The Migration of Crowded Trades

by John E. Charalambakis | Jun 9, 2015 | Commentaries

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...

On the Chinese Wall of Steroids: Imbalances and Asymmetries

by John E. Charalambakis | May 19, 2015 | Commentaries

In a recent study by the McKinsey Institute total credit market debt in China is shown as the largest in the world, and that is only what we know of. The dangers are not limited just to China but are extended to the global financial system. In a world where financial...