by John E. Charalambakis | Aug 7, 2019 | Commentaries, Uncategorized
The risks of an economic slowdown is compounded by trade war rhetoric, a Brexit without a deal, the reduction of short-term rates (Asian central banks lowered their rates in the last couple of days) and the talk about ECB’s new round of monetary stimulus, the...
by John E. Charalambakis | Jul 30, 2019 | Commentaries, Uncategorized
The Center for Financial Stability (CFS) recently hosted a roundtable discussion on European Central Bank (ECB) monetary policy with Philipp Hartmann. Philipp is Deputy Director General for research at the ECB and one of the founders of its research department....
by John E. Charalambakis | Jul 24, 2019 | Commentaries, Uncategorized
Danny Rodrick might have been right after all when he argued in his 1997 book (titled Has Globalization Gone Too Far?) that we should be careful how far we are pushing the boundaries of globalization. Globalization inevitably gave rise to some tensions and facts, such...
by John E. Charalambakis | Jul 18, 2019 | Commentaries, Uncategorized
In last week’s commentary, we discussed some perspectives of gathering clouds over the short-term horizon (6-10 months). We expressed the opinion that caution is warranted regarding new market highs given that small caps do not follow the rally, and most importantly...
by John E. Charalambakis | Jul 9, 2019 | Commentaries, Uncategorized
Data from around the world show that economic activity is slowing down. At the same time, the trade uncertainty exacerbates the concerns that a slowdown crowned with an intensifying trade war during geopolitical disputes could derail growth and expectations at a time...
by John E. Charalambakis | Jun 27, 2019 | Commentaries, Uncategorized
What happens if you put new wine into old wineskins? Simply, the old wineskin will burst during the process of fermentation and then a mess will be created, value will be destroyed, and productive resources will be wasted. Societies have been experimenting with fiat...