by John E. Charalambakis | Jun 22, 2023 | Commentaries, Uncategorized
Reflecting over the last three years leaves us with a puzzling enigma: Is this a different world and a different market than the one we were facing in 2019? Unequivocally, the answer is yes, given the pandemic, along with the fiscal and monetary responses to it, the...
by John E. Charalambakis | Jun 7, 2023 | Commentaries, Uncategorized
With the debt ceiling debacle behind us we are closing this series, as we are of the opinion that a new cycle for the American and the global economy is starting. The starting premise of this last commentary is that we need to view economic transitions in cycles that...
by John E. Charalambakis | May 22, 2023 | Commentaries, Uncategorized
Could Puccini’s opera Tosca (based on Sardou’s dramatic play La Tosca) be the prolegomenon of the debt limit debacle? There are plenty of twists in both the play and the libretto, and Puccini is a master of dramatizing those twists. How in the world could a reasonable...
by John E. Charalambakis | May 4, 2023 | Commentaries, Uncategorized
Upon return from Troy, Agamemnon is killed by his wife Clytemnestra. Orestes and his sister, Electra, are resolute on killing their mother and her lover, both of whom are thirsty for power. Now, Clytemnestra is having a dream where she gives birth to a serpent. The...
by John E. Charalambakis | Apr 18, 2023 | Commentaries, Uncategorized
Are the financial tremors over? Based on the latest data published by the Federal Reserve Bank of St. Louis (see graph below), it seems that we are returning to some normalcy. However, if the commercial real estate sector in the US and/or Europe starts its own series...
by John E. Charalambakis | Apr 11, 2023 | Commentaries, Uncategorized
In the first part of this series, we emphasized China’s ambition to replace (if needed by force) the liberal balance of power with an illiberal autocracy (consequently, limiting the role of the US dollar as the international reserve currency) where useful idiots...