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...

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...

A few weeks ago we wrote that we are optimistic that another deep crisis will be avoided and that the Euro will survive. Recent developments and scenarios are unfolding that seem to confirm that optimism.  However, we remain cautious for the next couple of months,...

We've mentioned on several occasions in previous newsletters and commentaries our positive growth outlook for numerous emerging economies in the near future and the growing interconnectedness among them. This isn't the first time that developing players command an...

We have written briefly before (July 2010 commentary) on the dangers of the municipal bond market. In this commentary we make the claim that the housing sector leaves a mark of hysteresis in the municipal bond market,  which has already started to exhibit signs of...

Yesterday we ran performance reports for our portfolios1.  Our composite return across all portfolios was 18.11%.  For comparison, our aggressive portfolio's aggregate return was 35.95%.  Annualized, these figures would exceed 35% and 50%, respectively.  We started...

Tα σημεία των καιρών υποδεικνύουν ότι οδηγούμεθα σε μία ιστορική περίοδο αλλαγών. Οι διαγραφόμενες αλλαγές αγγίζουν τον οικονομικό, πολιτικό, κοινωνικό, αλλά και διανοητικό χώρο. Ζει άραγε ο άνθρωπος μόνο με ψωμί και μη τάχει και «έχουμε πάρει τη ζωή μας λάθος» όπως...

On Logos, Retooling Growth, and Contagion Fears: Conventional and Non-Conventional Thoughts on the Occasion of the Days at the Dawn of 2011 A few months ago on this part of the website we wrote about the New Silk Road. Growth will probably continue at significantly...

The late Kenneth Lay of Enron renamed his company from Enteron to Enron and moved the headquarters to Houston, Texas, ready to become the global trading conglomerate of energy, with the help of some powerful friends. (As things turned out Enteron  –  which in Greek...

One of the great joys of my job is to meet old and new friends who teach and/or remind me of marvelous concepts and ideas. One such incident happened about three weeks ago during an overseas trip.  At a dinner I had had with I.K.M. - who had reminded me a few months...