The Romantic Economic Landscape: And They All Shall Have Prizes
The past two weeks have been quite historical. Let’s review some facts and ponder about the direction of the markets in the foreseeable future. Euroskeptics won major battles in several countries demonstrating the failure of a leadership that has created a sclerotic...Anything Goes: Lessons Learned from Market Sages
One of the greatest privileges in my life is to sit down with people I admire and be taught important lessons. I had that honor again last Thursday in London, UK. I had luncheon with A.M. and D.M., and in the course of the conversation I was reminded that in the shaky...Prudential Banking: Giving Credit Where Credit is Due
Early this morning I was listening to the announcement about Deutsche Bank’s (DB) profits, which came in “better than expected” and hence its stock price gained more than 2% for the day. It is always a pleasure to honor and recognize prudential banking professionals,...The Great Divorce: Dystopia Built by Delusions and Divergence Cries out for a Devolution
This commentary serves as an initial attempt to explain the financial crisis, the current market upswing, and the potential brewing crisis which in a few years time could change the economic landscape for generations to come. Here is the thesis of this commentary: So...Can you Hear the Oceanic Thunder? Moral Hazard Reigns Supreme in the Land of Plenty
Just a few days ago an event took place in Australia that received very little coverage. Fearing a run on a bank the Australian government guaranteed deposits up to $1 million AUD (Australian dollars)! How the government plans to pay for that is another story. Maybe...Sign Up for Our Publications
