Publications
By: John E. Charalambakis | On: October 24, 2012 |
The EU and the Amazing Act of Shooting Slower than its Shadow: Twenty One Eurogroup Meetings Later, Where is the Substance?
There are two opposing forces that are taking place in the EU. One pushes for greater political and economic integration, the other for greater disintegration. At the same time secession […]
By: John E. Charalambakis | On: October 19, 2012 |
The Markets and Zeno’s Dilemma: Transcending the Complexity of Transfinite Policies
The markets’ developments in the last few months may resemble Zeno’s paradox. According to it, the flight of an arrow signifies the impossibility of change or motion. At any given […]
By: John E. Charalambakis | On: October 11, 2012 |
The Ecosystem of Money: The Placebo Remedy to the Growth Dilemma
Let me be pretty blunt in this commentary. Growth is stalling almost everywhere due to the gargantuan amount of debt (public and private). Central banks have been exploiting their balance […]
By: John E. Charalambakis | On: October 4, 2012 |
A Note on China and India: The Pacific and the 21st Century Dilemma of “Buddenbrooks”
Thomas Mann was the recipient of the Nobel Prize in Literature in 1929. His novel titled Buddenbrooks has been credited for such success. The novel chronicles the decline of a […]
By: John E. Charalambakis | On: September 24, 2012 |
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 […]
By: John E. Charalambakis | On: September 18, 2012 |
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 […]
By: John E. Charalambakis | On: September 12, 2012 |
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. […]
By: John E. Charalambakis | On: August 26, 2012 |
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 […]
By: John E. Charalambakis | On: August 22, 2012 |
On Risk Premiums, Earnings Growth Potential, and Monetization Routes: Diminishing Returns and the Liquidity Tree
Over the last few weeks, we have argued that we are entering a watershed moment in economic and financial history, when significant decisions have to be made, since kicking the […]
By: John E. Charalambakis | On: August 14, 2012 |
European Disintegration and the Mystery of Institutional Hangover: Living in the Times of Capital Flight
There are good chances that the EU – as we know it – may be headed towards its last tango, made in Berlin. It seems that the EU has lost […]
By: John E. Charalambakis | On: November 3, 2012 |
Corporate Cash in Balance Sheets: What Does the Story Imply?
Corporate buybacks are used to return cash to stockholders. Moreover without committing to higher dividends they boost earnings per share, and anchor the spread of equity dispersion. In times when […]