by Daniel Stelter | Mar 8, 2015 | Uncategorized
Even a brief glance at the facts suffices. Portugal is no less bankrupt than Greece. The country’s government debt, at 124% of GDP, might be lower than in Greece. However, government debt is just one – even though important – part of the full debt picture. On an...
by Joel Charalambakis | Mar 6, 2015 | Uncategorized, Weekly Market Update
Market Action A surprising and sterling jobs number on Friday did not enthuse U.S. equities as a near 300-point fall in the Dow closed out the week. Utilities led the selloff on Friday, moving in tandem with bond yields, which also saw their highest point in 2015....
by John E. Charalambakis | Mar 3, 2015 | Commentaries, Uncategorized
Lorenzo the Magnificent (the scion of the Medici banking family), whose lending institution dominated not only Florence but much of Europe, was also a poet influenced by Horace and Catullus. The Latin phrase above reflects the first two lines of one of his sonnets....
by Thierry Malleret | Mar 1, 2015 | Uncategorized
Although there are multiple takes on the global economic outlook, there is a single determining factor upon which that outlook hinges: the world suffers from over-indebtedness and needs to cure its addiction to credit. According to a recent McKinsey report, global...
by Joel Charalambakis | Feb 27, 2015 | Uncategorized, Weekly Market Update
Market Action U.S. markets closed out the month of February with one of the best months in the past few years, coming off a disappointing January. All sectors, save for the interest sensitive utilities, rose for the month. After agreeing to a deal with the Eurogroup...
by Joel Charalambakis | Feb 20, 2015 | Uncategorized, Weekly Market Update
Market Action Thanks to a surge in markets on Friday major indices in the U.S. closed the week in positive territory. The main catalyst for the upswing was a deal reached between Greece and the Eurogroup for continuing the current program. The deal between...