The Tranquility of a Chaotic Disequilibrium: Alexander’s Feast and the Risks of Divorcing Credit from Liquidity
The results of the EU-wide stress tests on banks are out. The EU banks seem to celebrate that all is well. Catastrophe was avoided. The capital that some of them would need to raise seem to be so low that a celebratory tone is raised in the sky. Tranquility needs a...Heretic Views and Heroic Visions: Collateral Pools, Realism, and Marketable Assets
The Age of Michelangelo, Raphael, Leonardo da Vinci, and High Renaissance was followed by the age of Mannerism, known by its artificial qualities. Two of the main characteristics of Mannerism are compositional tension and instability. Do those attributes ring a bell...A Prelude to an Upcoming Paradigm Shift: The Torments of the Absurd
Albert Camus wrote in his book The Myth of Sisyphus that “There is a metaphysical honor in enduring the world’s absurdity.” Without a doubt we live in a surreal marketplace which has managed without a monetary anchor to create a major crisis every few years,...Decrescendo Doloros: Central Power and the Internal Forms of Decay
The backbone of fiction, poetry, and drama of current generations is a mirror image of the philosophical struggles of the previous generations. The writings of Aeschylus, Euripides, Sophocles, and so many others in ancient Greece were reflections of the golden age of...Sign Up for Our Publications
