Publications
By: John E. Charalambakis | On: November 27, 2013 |
The Post-Bubble Dream and Collateral Holes: Voltaire Reviews the Iranian Deal
Last Saturday night the P5+1 nations (US, UK, France, Germany, Russia, and China) signed a limited agreement with Iran that paves the way for something which potentially would be very […]
By: John E. Charalambakis | On: November 14, 2013 |
Reforms in the Great Wall of Steroids: Assessing the Global Impact
Two days ago the third plenum of the Chinese eighteenth central committee meeting ended and all indications point to an historic event. Third plenums tend to consolidate power for the […]
By: John E. Charalambakis | On: November 10, 2013 |
Liquidity, Goethe, and the Magnification Effect: Growing Stronger on a Weaker Ground
Goethe’s insights into the seriousness of the problem of historical epistemology reminds us that in human history some have chosen to reject the notion of historical truth by diverting their […]
By: John E. Charalambakis | On: November 2, 2013 |
Financial Lubrication and Market Upswing: Conquering Shifting Sands
The essence of this commentary is twofold: First, to explain how and why the rising levels of financial lubrication are expected to generate and support a rally in equities and […]
By: John E. Charalambakis | On: October 24, 2013 |
On “Doom-Loops”, Insufficient Capital, Camels, and Utilitarianism: Market Suasion or Delusion?
In a interview on CNBC Mario Draghi (the head of the European Central Bank, ECB) told us yesterday that he is concerned about capital insufficiencies, balance sheet holes, and backstops […]
By: John E. Charalambakis | On: October 15, 2013 |
Dancing to the Sounds of an Acrimonious Manipulative Symphony: A Prelude in Out-Maneuvering the Devil?
In Shakespeare’s play titled “Othello” we discover an acrimonious manipulative protagonist in the person of Iago who envisions the downfall of Othello. Iago’s plans are not just convoluted. They are […]
By: John E. Charalambakis | On: October 8, 2013 |
The Here and Now: Market Myopia Meets Financial Presbyopia
It’s a pity that the market participants’ focus is on the childish political theater in Washington D.C. which is nothing but a symptom of a greater problem. Nations like families […]
By: John E. Charalambakis | On: October 1, 2013 |
Cadmus in Search Of Europa: Could the Greek Economy Recover like that of Latvia?
The headlines of this past weekend edition of the European edition of the Wall Street Journal read: “Debt Targets for Greece Questioned”. In the article Klaus Regling, the managing director […]
By: John E. Charalambakis | On: September 24, 2013 |
Crescit Eundo: Collateral and the Deterministic Path of a Logical Irrationality
It seems that the Latin phrase Crescit Eundo (it grows as it goes) fits well into the Fed’s modus operandi. In its latest attempt to justify the non-tapering, the Fed […]
By: John E. Charalambakis | On: September 18, 2013 |
On the Art of Central Banking: The Challenges Ahead
Our Federal Reserve Bank, the ECB, and other central banks of developed nations face a paradox: the same institution that is supposed to hold the ultimate reserves of the commercial […]
By: John E. Charalambakis | On: December 6, 2013 |
The Volcker Rule and the Safeguarding of the Financial System: Time to Wind-Down International Toxic Risk
Next Tuesday U.S. regulators are expected to approve a stricter version of the Volcker rule. The latter prohibits banks from proprietary trading which was at the heart of the financial […]