Credit Orphans on the Street Called “Money for Nothing”
For a crisis to culminate and show its true face, time is critical in the sense that it should enter a saturation phase which in turn will signify that the downturn is inevitable. It is my opinion that the next two years will be that saturation phase that may produce...Momentum and Retrenchment: Market Outlook Amidst Geopolitical Turmoil
The current market record-setting highs may signify an upward bias carried by momentum and liquidity. The first graph below shows the performance of the S&P 500 over the last month, while the second graph portrays its performance in the last twelve months. Two...Currencies and Hobson’s Choice: The Trajectory for the Revaluation of the Dollar
The best thing that the US has to export is the USD. From that perspective, it is the strategic advantage of the US to create those conditions necessary for the demand of its currency. The phrase “take it or leave it” originates with Thomas Hobson from Cambridge,...The Dangers of Self-Deception: The Deus ex machina does not Exist
In the last few days Greece and Cyprus occupied the headlines again in newspapers like The Wall Street Journal, the New York Times, and the Financial Times. I apologize for being the bearer of bad news, but the deus ex machina does not exist for Greece or anyone else...Sign Up for Our Publications
