ΔΙΕΘΝΕΙΣ ΟΙΚΟΝΟΜΙΚΕΣ ΑΝΙΣΟΡΡΟΠΙΕΣ ΚΑΙ ΝΟΜΙΣΜΑΤΑ
Το τραγούδι του Bob Dylan "Οι καιροί ..σηματοδοτούν μια αλλαγή- οι καιροί αλλάζουν ", ταιριάζει πολύ καλά στην παγκόσμια εικόνα του σήμερα. Το τοπίο αλλάζει πράγματι. Από που πρέπει να αρχίσουμε; Από τον Αραβικό κόσμο; Από τις δημοσιονομικές ανισορροπίες στην ΕΕ,...
On Burning Developments and Economic Prospects: Centrifugal Forces and Countercyclical Strategies
At the time of this drafting the news centers on different fronts: Prime Minister Socrates in Portugal announced his resignation over a lost confidence vote in the parliament that was about the fourth austerity package of measures within a year! Portugal soon may be...
Market Developments in the Wake of the Japanese Catastrophe: Are we Facing a Rising Global Financial Entropy ?
The global equities market and its bullishness has experienced a shock. By some historical standards such as the P/E ratio and the forward-looking earnings multiple, the markets (at least some sectors) are overvalued, and thus the Japanese catastrophe becomes an...
On Hotspots, Part IV: The Geopolitics of Pakistan
Since our last post covering global hot spots, the protest movements throughout the Middle East have only continued and picked up in intensity. Oman, Saudi Arabia (BTW for how long will it be known as Saudi Arabia and not just Arabia?), Iran (theocracy is dead, and...
A Treacherous Rebalancing Act: A Currency View
Bob Dylan’s song “The times they ‘re a changing”, fits pretty well in today’s global picture. The landscape is changing indeed. Where should we start? In the Arab world? In the fiscal imbalances in the EU but also in the US? In the credit mechanism and its collateral...
Birth Pains: Petrostates, Oil Prices, and the Emerging Middle East Landscape
Over the weekend the headline news was about the continuing turmoil in Arab countries. The reports state that over 200 people are dead in Libya, after the “firing on civilians” took place. The autocratic regime of Gaddafi may be cracking after more than 40 years in...
On Hotspots Part III: Turkey and its Role in the Changing Middle East Landscape
Turkey has become a critical pole in the future hierarchy of global political and economic influence. The recent turmoil in the Middle East seems to be a prime opportunity for the role it wishes to play in the global politico-economic landscape. Over the past few...
On Exchange & Interest Rates: Liquidity Concerns in the Midst of Unrest and the Construction of the New Silk Road
On August 9th of last year, we published on this website a commentary on what amounted to be a prelude to our September newsletter, regarding the Chinese bubble. A few months later and in the beginning of the new Chinese Year, we observe some troubling developments in...
Πληθωριστικες Πιεσεις και Προσδοκιες
Στην παρούσα περίοδο, δύο δυναμικές διαμορφώνονται στο μέτωπο του πληθωρισμού. Η πρώτη έχει να κάνει με τις πληθωριστικές πιέσεις στα βασικά είδη διατροφής και ενέργειας. Βέβαια και οι δύο αυτές πηγές αποκλείονται από τον επίσημο υπολογισμό του τιμάριθμου...
From Tunisia and Egypt to the Rest of the Middle East: Are we Re-living the Historic Days of Regime Change?
For the second part of our series on global hot spots, it should be pretty obvious where the news waves would have us cover: the Middle East, which might be living the days that the former eastern block of countries experienced starting in November 1989 with the fall...
