How the Mighty May Fall: On Chinese Tremors
China has been in the news again recently, and hence we would like to offer an update on our previous writings on the subject. However, before we do so, allow us first a few brief comments on gold and precious metals. We started selling a significant position of our...Drawing Parallels: The Gold Pool of the 1960s and the Trajectory of the Euro
When the EU started feeling the heat in its periphery, and fearing damages to its core, it established the EFSF (European Financial Stability Fund). We have expressed elsewhere some of our concerns regarding its establishment. In this commentary – which will be...Welcome to the Era of GRBs: Asset-Price Deflation and Market Balkanization, Part IV
Markets could implode from within creating black holes where everything goes in and nothing comes out, destroying in the process paper wealth but also real economies. The essence of Gamma Ray Bursts (GRBs) is that explosions could take place when a star collapses and...From Anesthetization to Repression: On Market Balkanization, Part III
It seems that we are on a ship, that has lost its anchor, left the port for a journey in uncharted waters, and we suddenly discovered that the gorilla we were carrying on the vessel is out of his cage. The only good news is that the ship’s name is not Titanic! This...Sign Up for Our Publications
