Plumbers Wanted: Financial Clogs and Market Engineering
Over the course of the last several months a sense of market stability has prevailed. This can be seen in the low yields of government securities around the globe, signifying that for even risky countries the country-related risk is declining, and prospects constantly...The Devolutionary Disease of Conceit: Two Hundred and Thirty Eight Years Later
According to the latest employment data the average pace of job gains in the US has accelerated and now stands at the highest level in the last few years, as can been seen below. I would call the reader’s attention to the black line which reflects the six month...Wholesale Funding, Rehypothecation, Precious Metals and Pricing: Are We Counting the Cost?
In a recent article Bloomberg reported the following pertaining to the gold market in China: “China’s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold transactions, adding to signs of possible fraud in commodities financing...Energy Assets, and the Redrawing of Maps: Shifting Strategies & the Markets’ Reaction
How could ISIS, a group of few thousand radical Islamists (a.k.a. Islamic State of Iraq and Al-Sham) be able to gain control of such vital areas and threaten energy, geopolitical, and geoeconomic stability? Are we in the process of seeing the map of the Middle East...Sign Up for Our Publications
