Publications

By: John E. Charalambakis | On: August 7, 2012 |

On the Road to Damascus: Amplifying Spillover and Applying Sick Prescriptions to Dying Markets

It seems that the regime in Syria is going through its last phase. The emerging civil war may wrap up the first phase of the face-lift in the Middle East. […]

By: John E. Charalambakis | On: July 19, 2012 |

Socrates Meets QE3: Welcome to the Ether of Financial Purgatory

I am of the opinion that one of the many things we should always remember from the great teacher is that the “unexamined life is not worth living”. It seems […]

By: John E. Charalambakis | On: July 12, 2012 |

From Dreaming to Screaming: Strategic Disintegration Part V

People are wondering these days: “Where is the stock market going?” Analysts look at charts, at P/E ratios, at profit margins and several other figures and try to make pronouncements […]

By: John E. Charalambakis | On: July 6, 2012 |

Capital Structure, Dollar Shortages, and Malinvestments: Implications for Portfolio Holdings

A general perception that the global economy is slowing down seems to prevail. At the same time the Euro zone crisis – in spite of the measures taken – will […]

By: John E. Charalambakis | On: June 29, 2012 |

The EU, the Strings of the Market and the Phantoms of Credit: Seeking the Deus ex Machina

The markets celebrate today the outcomes of the EU summit. The delusion that through more debt and political manipulations the cancer can be treated is truly the amalgam of illusion […]

By: John E. Charalambakis | On: June 16, 2012 |

Emergency Liquidity Assistance (ELA) and Financial Tremors: Useful Idiots Part III

About two weeks ago, we were assured by the government in Spain that they only needed about €50 billion for their banks. All of a sudden the €50 billion became […]

By: John E. Charalambakis | On: June 7, 2012 |

Parasitic Structures and Monetary Entropy: Basic Instructions Before Disintegration

Fifteen years ago the global markets were getting ready to “welcome” the Asian financial crisis. The cause of that crisis? Declining multifactor productivity from Thailand and Taiwan, to Indonesia and […]

By: John E. Charalambakis | On: May 24, 2012 |

European Shocks and Strategic Disintegration Part IV: Useful Idiots in the Land of Ds

I love dogmas (our first D). I know that in politically correct terms, dogma is an antiquated term that should die. However, dogmas are like the oxygen. You may not […]

By: John E. Charalambakis | On: May 14, 2012 |

On Bank Losses, Hedging, Fiat Currencies, and Risks: The Role of Anchors

Last Thursday evening, JP Morgan Chase admitted to losses of at least $2 billion on a $100 billion derivatives bet, baptized as hedging. As time goes by, the actual losses […]

By: John E. Charalambakis | On: May 8, 2012 |

Useful Idiots No More: Political Hubris and Economic Realities

The results of the elections held in Greece last Sunday may well have sent a powerful signal to politicians and policy makers worldwide, that has yet to be discussed by […]

By: John E. Charalambakis | On: April 25, 2012 |

Resources’ Nationalization in the Midst of Disintegration: A Paradigm Shift?

From last weekend’s IMF meetings we learned that its “firepower” had increased substantially by over $400 billion to be used as needed in light of the deteriorating situation in Europe. […]