by John E. Charalambakis | Oct 17, 2011 | Commentaries, Uncategorized
The late Milton Friedman used to ask his students at the University of Chicago whether money matters. Of course, the classic answer that he was expecting from them was: “Only money matters!” Whether someone subscribes or not to this strict monetarist view, the...
by John E. Charalambakis | Oct 9, 2011 | Commentaries, Uncategorized
The markets are known to be moved by the forces of greed (upswing and bullishness) and fear (downturn and bearish trend). In a similar way, in the cosmos there are two contradictory mysterious forces that move the universe in opposite directions. The first one is...
by John E. Charalambakis | Sep 19, 2011 | Commentaries, Uncategorized
The markets nowadays are in purgatory. What is the task of professional market watchers and fund managers? In a nutshell we would say it is to unmask portfolio holding’s self- alienation in their secular form, once they have been unmasked in their sacred form....
by John E. Charalambakis | Sep 12, 2011 | Commentaries, Uncategorized
A friend describes in a book he wrote about twenty five years ago, how when they were kids he and one of his friends went into a five-and-dime store and switched all the price tags! As we can understand pandemonium followed when things that were supposed to sell for...
by John E. Charalambakis | Sep 2, 2011 | Commentaries, Uncategorized
China has been in the news again recently, and hence we would like to offer an update on our previous writings on the subject. However, before we do so, allow us first a few brief comments on gold and precious metals. We started selling a significant position of our...
by John E. Charalambakis | Aug 29, 2011 | Commentaries, Uncategorized
When the EU started feeling the heat in its periphery, and fearing damages to its core, it established the EFSF (European Financial Stability Fund). We have expressed elsewhere some of our concerns regarding its establishment. In this commentary – which will be...