Canceling the Noise; Not by Bread Alone: Part XVI
Wednesday evening, I was reading an editorial praising Chairman’s Powell performance following the Fed’s decision to raise rates by another 75 bps. “One for the hawks, one for the doves,” it said. Marvelous I pronounced! Having one foot in one boat and the other in...The Fifth Voyage of Gulliver: The Vortex of Instability
John E. Charalambakis Jonathan Swift’s marvelous work of Gulliver’s Travels is full of subliminal messages regarding geopolitics, statecraft, rationality/irrationality, and intrigues where trivial issues promoted by fanatical incompetent idiotic characters become the...Canceling the Noise; Not by Bread Alone: Part XV
John E. Charalambakis Could we see another 15%+ market downturn? Absolutely.Could the bond market illiquidity issues get worse? Yes, they could.Could the Ukrainian war expand and undermine European (and not only) security? The chances are rising every day.What is...Dancing in the Gates of Fear: Market Mayhem, Catastrophilia, and Xenophon’s Anabasis
Dancing? Catastrophilia? How else would you characterize the following graphs? In the first, we have the wild swings of the markets in the last three months (in a nevertheless bell-shaped normal curve!). In the second, we see a wild sterling threatening the financial...Sign Up for Our Publications
