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...Senor, Is this About Production of a Show by Means of Placebo Effects? Market Trajectory, The Greek Bond Oversubscription, the Failed Chinese Bond Auction, and Mr. Nitup
What a week! It had everything. The Greek bond offering was oversubscribed four times while the Chinese bond auction failed! This is great, isn’t it? Greece is the new China. The problem is that China is a bubble, and we all know that sooner or later bubbles burst....A Discussion about Crimea and Russia in St. Petersburg: The Eagles’ Echoes
I landed in St. Petersburg around midnight. Got into a taxi (an old Volga bought by the driver in former Eastern Germany when he was serving there on a special assignment) and we started driving toward the hotel. The driver’s name was Nitup. From the very start the...Sign Up for Our Publications
