Resources’ Nationalization in the Midst of Disintegration: A Paradigm Shift?
From last weekend’s IMF meetings we learned that its “firepower” had increased substantially by over $400 billion to be used as needed in light of the deteriorating situation in Europe. That seems a bit contradictory given that it was the IMF that warned earlier last...Strategic Disintegration Part III: A Hexagon of Forces and the Trajectory of the Euro
The figure below shows the six forces which we believe are at work in determining the trajectory of the Euro in the foreseeable future. The analysis below discusses the six forces that are affecting the Euro’s future and hence the Euro zone’s potential. We present the...The Migration of Delusion and the Epidemic of Irrationality
The markets were rattled in the last few days. Let’s review what the conventional wisdom underwrote as the main causes (we use the plural causes, since the explanation was changing almost on a daily basis, as heuristics – the hard wired tendency of humans to perform...The Unbearable Lightness of Complacency: The Voyage for Returns in the Midst of Strategic Disintegration
The risks in the global economy remain due to Europe’s problems in the banking and fiscal spheres as well as due to the hundreds of trillions of dollars in toxic derivatives that freely flow in the seas of finance. The complacency seen is truly unbearable given the...A Tale of Two Doors: Energy, the Dollar, and the ECB
A friend was telling me lately that it seems that there are two kinds of people: Those who chose the door that leads to paradise and those who choose the door that leads into a discussion group about the paradise. His point was that several times in our lives we miss...Sign Up for Our Publications
