by John E. Charalambakis | Oct 14, 2015 | Commentaries, Uncategorized
In his 1984 Shareholder Letter, Warren Buffett wrote: “The corpse is supposed to file the death certificate. Under this ‘honor system’ of mortality, the corpse sometimes gives itself the benefit of the doubt”. This is an example of a magnificent delusion unfortunately...
by Joel Charalambakis | Oct 9, 2015 | Uncategorized, Weekly Market Update
Market Action Despite more data that questioned the health of the current macroeconomic environment asset markets had one of their best weeks in months. Energy and Materials, the two weakest sectors so far in 2015, led the rally with each rising over 7%. The first...
by John E. Charalambakis | Oct 5, 2015 | Commentaries, Uncategorized
The Rolling Pyramid of Historical Financial Crises and the Moral Economic Imperatives: Distinguishing Causes from Symptoms We have noted in past commentaries that our global financial system moves from crisis to crisis due to the lack of an anchor. In the previous...
by John E. Charalambakis | Sep 28, 2015 | Commentaries, Uncategorized
In the art of war (in the general spirit of geopolitical and geoeconomic diplomacy) the opponent’s greatest strength happens to be his greatest weakness. Let’s take a look at a few examples. When we think of China, we usually think of its outstanding economic growth...
by Joel Charalambakis | Sep 26, 2015 | Uncategorized, Weekly Market Update
Market Action An upward revision to Q2 GDP growth from 3.7% to 3.9% couldn’t lift markets this past week. The downfall this week hit the Nasdaq especially hard as concerns over drug prices and potential political action impacted the Biotech industry specifically and...
by Joel Charalambakis | Sep 19, 2015 | Uncategorized, Weekly Market Update
Market Action The September meeting of the Federal Reserve came and went without a change in monetary policy. Citing the effects on inflation from global weakness Janet Yellen still reiterated expectations for a rate increase this year. Stocks rallied initially on the...