Socrates Meets QE3: Welcome to the Ether of Financial Purgatory
I am of the opinion that one of the many things we should always remember from the great teacher is that the “unexamined life is not worth living”. It seems that we are trying to apply treatments/solutions to the serious problems of the global economy (but primarily...From Dreaming to Screaming: Strategic Disintegration Part V
People are wondering these days: “Where is the stock market going?” Analysts look at charts, at P/E ratios, at profit margins and several other figures and try to make pronouncements as to the market’s direction. We think things might be a bit more complex than that....Capital Structure, Dollar Shortages, and Malinvestments: Implications for Portfolio Holdings
A general perception that the global economy is slowing down seems to prevail. At the same time the Euro zone crisis – in spite of the measures taken – will be exacerbated by the known and unknown liabilities that exist in the financial and public sectors. We...The EU, the Strings of the Market and the Phantoms of Credit: Seeking the Deus ex Machina
The markets celebrate today the outcomes of the EU summit. The delusion that through more debt and political manipulations the cancer can be treated is truly the amalgam of illusion in the garden of fantasy. No real substance, which reminds me of what a dear friend...Emergency Liquidity Assistance (ELA) and Financial Tremors: Useful Idiots Part III
About two weeks ago, we were assured by the government in Spain that they only needed about €50 billion for their banks. All of a sudden the €50 billion became €100 billion and we are still counting. Welcome to the new math where besides addition through subtraction...Sign Up for Our Publications
