Publications

By: John E. Charalambakis | On: October 9, 2011 |

Dark Energy or Dark Matter? The Greed and Fear of a Market that Seeks Life Through Death

The markets are known to be moved by the forces of greed (upswing and bullishness) and fear (downturn and bearish trend). In a similar way, in the cosmos there are […]

By: Chairman Paul Volcker | On: September 27, 2011 |

Three Years Later: Unfinished Business in Financial Reform

We are pleased and honored to bring you the following speech by permission from Chairman Volcker. The text of this speech was delivered to the Group of Thirty on September […]

By: John E. Charalambakis | On: September 19, 2011 |

On Being and Nothing: Are the Markets Reflecting the Becoming of Nothingness?

The markets nowadays are in purgatory. What is the task of professional market watchers and fund managers? In a nutshell we would say it is to unmask portfolio holding’s self- […]

By: John E. Charalambakis | On: September 12, 2011 |

Who Switched the Price Tags? The Prelude of a Requiem

A friend describes in a book he wrote about twenty five years ago, how when they were kids he and one of his friends went into a five-and-dime store and […]

By: John E. Charalambakis | On: September 2, 2011 |

How the Mighty May Fall: On Chinese Tremors

China has been in the news again recently, and hence we would like to offer an update on our previous writings on the subject. However, before we do so, allow […]

By: John E. Charalambakis | On: August 29, 2011 |

Drawing Parallels: The Gold Pool of the 1960s and the Trajectory of the Euro

When the EU started feeling the heat in its periphery, and fearing damages to its core, it established the EFSF (European Financial Stability Fund). We have expressed elsewhere some of […]

By: John E. Charalambakis | On: August 22, 2011 |

Welcome to the Era of GRBs: Asset-Price Deflation and Market Balkanization, Part IV

Markets could implode from within creating black holes where everything goes in and nothing comes out, destroying in the process paper wealth but also real economies. The essence of Gamma […]

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 […]

By: John E. Charalambakis | On: August 8, 2011 |

On the Balkanization of the Markets: Part II

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 |

The Balkanization of the Debt Markets: Devolution in Uncharted Waters

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 |

Anchoring Optimism in an Era of Anxiety: Reflections on Debt & Financial Stability

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 […]