Market Prospects, Montesquieu, and Nirvana: Assessing Expectations in 2014, Part I
All signs – as initially discussed below – point to a good year for equities in 2014. Of course, we are not deaf to the voices that talk about a stock market bubble, however and as we pointed out before we do not believe that we are dealing with a bubble, at least not...The Volcker Rule and the Safeguarding of the Financial System: Time to Wind-Down International Toxic Risk
Next Tuesday U.S. regulators are expected to approve a stricter version of the Volcker rule. The latter prohibits banks from proprietary trading which was at the heart of the financial crisis not only in 2008 but also last year when J.P.Morgan lost more than $6...The Post-Bubble Dream and Collateral Holes: Voltaire Reviews the Iranian Deal
Last Saturday night the P5+1 nations (US, UK, France, Germany, Russia, and China) signed a limited agreement with Iran that paves the way for something which potentially would be very significant not only for security reasons but also for economic and financial ones....Reforms in the Great Wall of Steroids: Assessing the Global Impact
Two days ago the third plenum of the Chinese eighteenth central committee meeting ended and all indications point to an historic event. Third plenums tend to consolidate power for the Chinese leader and produce significant economic and political changes. It was in...Liquidity, Goethe, and the Magnification Effect: Growing Stronger on a Weaker Ground
Goethe’s insights into the seriousness of the problem of historical epistemology reminds us that in human history some have chosen to reject the notion of historical truth by diverting their poetic enthusiasm to heroic events that like in a legend have transformed the...Sign Up for Our Publications
