By: John E. Charalambakis | On: August 8, 2011 |
Last Friday’s evening downgrade by the S&P was ill-timed and ill-advised. We wrote a week ago that we would not be surprised if it took place. We will reiterate our […]
By: John E. Charalambakis | On: August 1, 2011 |
As we are drafting this commentary, the news is that a deal for the US debt limit is very close to be completed, that will involve the raising of the […]
By: John E. Charalambakis | On: July 21, 2011 |
As an opening statement allow us to paraphrase David Liss’ claim in his novel A Conspiracy of Paper, where he claims that finance is an animal, and the government needs […]
By: Chairman Paul Volcker | On: July 18, 2011 | Tags: Guest Commentary
We are very pleased and honored to use by permission the latest speech that former Chairman of the Federal Reserve System Mr. Paul Volcker gave in London last Thursday, July […]
By: John E. Charalambakis | On: July 11, 2011 |
The old anthem of imperial Europe cried out, “Hail, Europe, our true Fatherland”, and Italy nowadays enters its own phase of the Eurozone crisis. Italian bonds’ spreads over Germany’s Bunds […]
By: John E. Charalambakis | On: July 5, 2011 |
As of yesterday (July 4th), it seems that the European debt crisis is entering into a new phase, with the expected new downgrades of Greek paper by the major rating […]
By: John E. Charalambakis | On: June 17, 2011 |
The storm we have been writing about in the last three weeks seems to be gaining speed. The Greek debt crisis can open Pandora’s box and unleash sovereign debt, banking, […]
By: John E. Charalambakis | On: June 12, 2011 |
The war of words was in high gear this past week. German officials demanded participation of the private sector in a new Greek bailout package that is estimated to be […]
By: John E. Charalambakis | On: June 9, 2011 |
Οι αναδυόμενες αγορές έχουν αποσπάσει ένα μεγάλο μέρος της προσοχής μας τα τελευταία χρόνια. Τα γεγονότα των τελευταίων μηνών μας υπενθυμίζουν την σημασία των αναπτυσσόμενων αγορών. Πρώτον, πολλοί παρατηρητές καθημερινά […]
By: John E. Charalambakis | On: June 5, 2011 |
Τις τελευταίες ημέρες, η αγορές έχουν εστιάσει την προσοχή τους στην κρίση της Ευρωζώνης. Με λίγα λόγια η αλυσιδωτή αντίδραση που οι αγορές φοβούνται έχει ως ακολούθως: Η Ελλάδα θε […]
By: John E. Charalambakis | On: August 16, 2011 |
From Anesthetization to Repression: On Market Balkanization, Part III
It seems that we are on a ship, that has lost its anchor, left the port for a journey in uncharted waters, and we suddenly discovered that the gorilla we […]