Anything Goes: Lessons Learned from Market Sages
One of the greatest privileges in my life is to sit down with people I admire and be taught important lessons. I had that honor again last Thursday in London, UK. I had luncheon with A.M. and D.M., and in the course of the conversation I was reminded that in the shaky...Prudential Banking: Giving Credit Where Credit is Due
Early this morning I was listening to the announcement about Deutsche Bank’s (DB) profits, which came in “better than expected” and hence its stock price gained more than 2% for the day. It is always a pleasure to honor and recognize prudential banking professionals,...The Great Divorce: Dystopia Built by Delusions and Divergence Cries out for a Devolution
This commentary serves as an initial attempt to explain the financial crisis, the current market upswing, and the potential brewing crisis which in a few years time could change the economic landscape for generations to come. Here is the thesis of this commentary: So...Can you Hear the Oceanic Thunder? Moral Hazard Reigns Supreme in the Land of Plenty
Just a few days ago an event took place in Australia that received very little coverage. Fearing a run on a bank the Australian government guaranteed deposits up to $1 million AUD (Australian dollars)! How the government plans to pay for that is another story. Maybe...Sign Up for Our Publications
