Publications
By: Thierry Malleret | On: July 29, 2016 |
Monthly Barometer’s Forward-Looking Monthly Review: An Interdisciplinary View of our Complex Global Economy
July 2016 The “risky trinity” (in the words of the BIS) of (1) unusually low productivity growth, (2) historically high global debt levels and (3) remarkably narrow room for policy manoeuver explains […]
By: Joel Charalambakis | On: July 24, 2016 |
Weekly Market Update
Market Action Another week of positive performance for U.S. equities comes in the midst of earnings season. So far, corporate profits have come in stronger than analyst expectations but still […]
By: Joel Charalambakis | On: July 16, 2016 |
Weekly Market Update
Market Action US equities followed up on last week’s highs by resoundingly breaking out of their range bound trading zone of the past couple of years to set brand new […]
By: John E. Charalambakis | On: July 14, 2016 |
Markets’ Disconnect, Political Pandering, and Business Climate: Valuations at the Dawn of Major Chinese Refinancing Needs
It seems that the bond and equities markets are telling us two different stories. The former with the declining – and in some major cases negative – yields is like […]
By: John E. Charalambakis | On: July 7, 2016 |
Déjà vu all over again? Slouching Towards Regime Uncertainty
It is the argument of this commentary that following the Brexit vote we may be entering into a period of regime uncertainty. By the latter we mean political, economic, and […]
By: Thierry Malleret | On: July 5, 2016 |
Monthly Barometer’s Forward-Looking Monthly Review: An Interdisciplinary View of our Complex Global Economy
June 2016 Britain’s decision to exit the EU may constitute the first step on a “stairway to Hell”, throwing up a tangle of economic, financial, societal, legal, political and other issues of […]
By: Joel Charalambakis | On: July 2, 2016 |
Weekly Market Update
Market Action After another dismal trading session in the wake of the Brexit vote markets stormed a reversal and posted a strong gains on the week, including London’s FTSE which […]
By: John E. Charalambakis | On: June 29, 2016 |
An Illusion of Value: Zirflation and Nirflation in a Market that is Overfed but Still Malnourished
The Brexit vote (for which we reserve some doubts that it is ever completed) generated some panic selling, sending investors to the refuge of safe havens. Hence, government bonds experienced […]
By: Joel Charalambakis | On: June 26, 2016 |
Weekly Market Update
Market Action Despite recent polling data and betting markets strongly pointing towards a vote for remaining with Europe, “Brexit” became a reality. The U.K.’s choice to exit the European Union […]
By: John E. Charalambakis | On: June 23, 2016 |
Brexit, Delusions, Fiat Money, and Economic Prospects: Historical Reflections
“A greater Quantity [of money] employs more People than a lesser Quantity”, said John Law in 1705 in his pamphlet titled “Money and Trade Considered, with a Proposal for Supplying […]
By: John E. Charalambakis | On: July 20, 2016 |
From the 1956 Suez Canal Crisis to the Turkey’s 2016 Failed Coup: Geopolitics and a Series of Dreams
Somewhere in the middle of the Pacific last weekend over dinner with Bob Zimmerman the lyrics of his song “A Series of Dreams” echoed in my ears. The attempted coup […]