The Dislocation of Risk and the Mispricing of Assets: The Koilogastor Market
What is a koilogastor market? One interpretation could be a market characterized by gluttony and voracity. Another could be a market whose womb is empty while declaring that a baby is forthcoming. For the purpose of this commentary a koilogastor market is a market...The Economy and the Necropolis of Troy: On Mobs, the Arab Spring, and QEs
The events that shaped last week – and potentially the weeks and months, if not years to come – had both geoeconomics and geopolitical dimensions. In situations like these, the beneficiaries could be viewed as those who shape the path towards the ultimate...The ECB Chants In Paradisum: Seeking Safe Collateral in the Midst of Delusion
Last Thursday, Mario Draghi the President of the ECB indicated willingness to start again his “asset purchases program”, baptized this time with the title of OMT (outright monetary transactions) a.k.a. issuing electronic money/credits to purchase the paper of troubled...The Great Bailout of Germany
It has been almost three years now since the rumors started that something was rotten with the Greek public finances. Excesses have been documented. Wasteful expenditures, inefficiencies, and corrupt practices have also been documented and dominated the news. There is...Sign Up for Our Publications
