by John E. Charalambakis | Nov 2, 2010 | Commentaries
Just a few days ago the auction for TIPS (Treasury Inflation Protection Securities) produced for the first time ever negative yields. When we take into account that TIPS’ correlation with the conventional inflation measure (CPI) barely exceeds twenty percent, then we...
by John E. Charalambakis | Oct 28, 2010 | Commentaries
Πολλά έχουν γραφτεί και ακόμα περισσότερα έχουν ειπωθεί σχετικά με το δίλημμα που έθεσε ο Πρωθυπουργός όσον αφορά το αποτέλεσμα των περιφερειακών εκλογών. Θα ήθελα να ανατρέξουμε κάποιους αιώνες πίσω, μεταξύ 390 και 360 π..Χ. Στον «Οικονομικό» του Ξενοφώντα. Ο...
by John E. Charalambakis | Oct 25, 2010 | Commentaries
The securitization problems seem to be making another comeback in the form of “foreclosuregate”, as the Economist newspaper has labeled its latest phase. Banks seem to be admitting to subpar standards in not just approving loans but also proceeding with foreclosures....
by John E. Charalambakis | Oct 21, 2010 | Commentaries
Ο μύθος του Σίσυφου πρωτοειπώθηκε από τον Όμηρο. Καταδικάστηκε από τους θεούς να κυλά ένα βράχο στην κορυφή ενός βουνού. Η μοίρα της πέτρας ήταν να κατρακυλά πίσω στη βάση του βουνού, και ο Σίσυφος έπρεπε νε ξαναρχίσει πάλι την προσπάθεια από την αρχή. Όταν διαβάζει...
by John E. Charalambakis | Oct 19, 2010 | Commentaries
Today China decided to raise its lending and deposit rates. How could we interpret such a move? In the near future we will draft a commentary on Icarus, but let us recall quickly his story. His father Daedalus prepared him wings to fly, warning him not to fly too...
by John E. Charalambakis | Oct 14, 2010 | Commentaries
Have you seen him lately? He is still rolling that stone up to the hill. He is my good friend, Sisyphus. He was condemned to roll the stone up the hill and as he is approaching the summit, the rock will go down the plain again. So, as I am drafting this, I am...