The Fifth Voyage of Gulliver: The Vortex of Instability
John E. Charalambakis Jonathan Swift’s marvelous work of Gulliver’s Travels is full of subliminal messages regarding geopolitics, statecraft, rationality/irrationality, and intrigues where trivial issues promoted by fanatical incompetent idiotic characters become the...Excerpt of Nomi Prins’s new book Permanent Distortion: How Financial Markets Abandoned the Real Economy Forever
We are pleased to present an excerpt from Nomi Prins’s new book Permanent Distortion: How Financial Markets Abandoned the Real Economy Forever. The book tells the untold story of the ever-growing divide between the financial markets and the real...Canceling the Noise; Not by Bread Alone: Part XV
John E. Charalambakis Could we see another 15%+ market downturn? Absolutely.Could the bond market illiquidity issues get worse? Yes, they could.Could the Ukrainian war expand and undermine European (and not only) security? The chances are rising every day.What is...Dancing in the Gates of Fear: Market Mayhem, Catastrophilia, and Xenophon’s Anabasis
Dancing? Catastrophilia? How else would you characterize the following graphs? In the first, we have the wild swings of the markets in the last three months (in a nevertheless bell-shaped normal curve!). In the second, we see a wild sterling threatening the financial...Market Turmoil, Plato’s Cave, and Lord Acton: Searching for the “Madonna of the Future”
Henry James described the story of an artist who devoted his entire life to a single painting as “The Madonna of the Future.” Yet, at his death, they found the easel in his studio with just a blank canvas. The market trajectory under current circumstances could be the...Sign Up for Our Publications
