By: John E. Charalambakis | On: January 25, 2012 |
The news from the United Kingdom this week implied that more quantitative easing and money printing is coming to the U.K. economy soon. When we take into account that high […]
By: John E. Charalambakis | On: January 18, 2012 |
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 […]
By: John E. Charalambakis | On: January 11, 2012 |
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 […]
By: John E. Charalambakis | On: December 28, 2011 |
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 […]
By: John E. Charalambakis | On: December 21, 2011 |
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 […]
By: John E. Charalambakis | On: December 12, 2011 |
In the last few days the markets tried to breathe a breath of new life and optimism in the midst of developments in the EU and the initiatives taken by […]
By: John E. Charalambakis | On: December 2, 2011 |
Jean-Philippe Rameau’s compositions stand out as the epitome of Rococo style. His opera “Hippolyte Et Aricie” was the first work to which the term “Baroque” was applied. The opera is […]
By: John E. Charalambakis | On: November 24, 2011 |
In March 1914, the Federal Reserve Bank (Fed) started its operations in the US. Within fifteen years the depression was taking root in the US. Seventy years later, the European […]
By: John E. Charalambakis | On: November 18, 2011 |
Almost 1600 years ago the first signs of Rome’s demise appeared in the horizon. Around 411 AD the Visigoths under Alaric’s leadership attacked and ravaged the city. Smoking ruins and […]
By: John E. Charalambakis | On: November 11, 2011 |
Since early July we have posted comments about Italy’s shaky position. In late 2009 the ten-year spread of Greek bonds over the German Bunds was approximately 400 bps. Greek ten-year […]
By: John E. Charalambakis | On: January 30, 2012 |
An Exercise in Futility: Can we Add by Subtracting?
Today the EU leaders are gathering again for another summit! More than two years into their crisis, they cannot get their act together while continuing on the same path of […]