Could we Start Experiencing a Normalization of Dislocation? An Assessment of Risks
In the last few days, some reports have been circulated – by prominent Wall Street banks –which tell us that things will return to normal in 2013. With all due respect we disagree with such an assessment for the following four fundamental reasons: First, the...A Falsis Principiis Proficisci: Do we Plan for the Future by Setting Forth the Wrong Principles?
We have all faced situations where everything is about politics. Unfortunately, it seems that we have not learned yet that while everything is politics, politics is not everything. The EU this week tried to “solve” the impending crisis. All that it accomplished was to...The Chastising of the Markets: The Slippery Slope of Declining Confidence
About ten days ago Germany reported its latest deterioration in business climate. German companies expressed significant dissatisfaction with current business conditions. Most probably they have start comprehending that the disintegration of the Euro may have...Corporate Cash in Balance Sheets: What Does the Story Imply?
Corporate buybacks are used to return cash to stockholders. Moreover without committing to higher dividends they boost earnings per share, and anchor the spread of equity dispersion. In times when companies do not expect significant growth and the prospects of...The EU and the Amazing Act of Shooting Slower than its Shadow: Twenty One Eurogroup Meetings Later, Where is the Substance?
There are two opposing forces that are taking place in the EU. One pushes for greater political and economic integration, the other for greater disintegration. At the same time secession forces are aspired from Spain (Catalonia), Italy (Venice), U.K. (Scotland), and...Sign Up for Our Publications
