“Zadig” a.k.a. “Destiny: An Oriental Story” and “Micromegas” were two of Voltaire’s philosophical tales dated back in the middle of the 18th century. In the former Voltaire explores the reason’s inability to penetrate the deep mysteries of life as the enigma of the...

A recent investors’ survey done by Bank of America Merrill Lynch found that more and more investors believe that stocks are overvalued. Expectations about earnings, taxes, spending, and regulatory regime, have uplifted equities worldwide, but recently a sense of...

Over the course of the last few months, we observe that not only developed markets have been enjoying good returns, but also emerging markets rise along with them. As the following graph shows the Global PMI Index (signifying manufacturing activity) is close to its...

It seems that analysts around the world are singing from the same chorus book, called Reflation. If we could define the latter we would say that it refers to a cycle when incomes and spending are rising which in turn boost growth. It’s interesting to note that such...

A year ago equity and commodity markets were in a panic mode. Chinese tremors, fears of deflation, oil prices below $30 a barrel, declining commodity prices (such as copper), and corporate earnings recession had infused fear in the markets. Now, a year later we found...