Before the Dawn of the Waste Land: Expected Returns, and Economic Performance
The macroeconomic picture – globally – does not look that promising. Trends need to be reversed in order to avoid the dawn of the waste land. However, for the near term measures taken have the effect of addressing some symptoms and provide short-term relief and...The Hypothecation of the Merconti Hypothesis: Banks’ Deleveraging and Currencies Trajectories
Mer(kel) has lately been enjoying one of her highest favorable ratings in her political career in Germany. (Sar)ko(zy) is up in the polls but still behind his main opponent (Francois Hollande) in the upcoming presidential elections in France. (Mo)nti, the caretaker...The Markets in Altdorfer’s Metalanguage: Persephone at the Crossroads where Metacapitalism Meets Metamodernity
Recently I finished reading an excellent book by James Rickards entitled Currency Wars. Let me quote from the concluding chapter: “The dollar, for all its faults and weaknesses, is the pivot of the entire global system of currencies, stocks, bonds, derivatives and...In the Garden of Credit: Signs of Life and the Prospects for 2012
Liquidity has dried up in Europe. Banks in the greater EU are unable to refinance their unsecured bonds that are approaching maturity. Moody’s cut the credit rating of French banks last week, and it is expected that France and other nations’ credit rating will be cut...Sign Up for Our Publications
