By: John E. Charalambakis | On: November 8, 2018 |
The international financial system is based on credit. At the heart of that system is the bond market whose global size exceeds $100 trillion. Just in the US, the bond […]
By: John E. Charalambakis | On: October 25, 2018 |
Yesterday, while I was boarding an overseas flight, the markets were experiencing significant turmoil. During the long flight, I had the opportunity to contemplate the causes of the recent turmoil. […]
By: John E. Charalambakis | On: October 24, 2018 |
Yesterday the Nasdaq index touched correction territory by dropping more than 10% since its recent highs. Should we be expecting a correction or even a bear market for the rest […]
By: John E. Charalambakis | On: October 16, 2018 |
Percy Shelley’s poem titled “Ozymandias” is a sonnet, just a fourteen-line verse form that Petrarch, Spencer, and Shakespeare used during the Renaissance. Following Petrarch’s style, Shelley introduces an octave in […]
By: John E. Charalambakis | On: October 11, 2018 |
Yesterday’s drop of more than 3% in equities generated concerns about experiencing a correction similar to the one that we saw earlier this year. The fact is that the market […]
By: John E. Charalambakis | On: October 3, 2018 |
Since December 2015 the Fed has raised short-term interest rates eight times (from 0-0.25% where it stood in December 2015) to the current level of 2-2.25%. Analysts anticipate that the […]
By: John E. Charalambakis | On: September 19, 2018 |
Inflows to emerging markets dropped by over 65% between July and August of this year. A strengthening American economy and the growing trade tensions have created a rout in emerging […]
By: John E. Charalambakis | On: September 5, 2018 |
Over the course of the next few months, problems in emerging markets may intensify. Here is a list of the primary candidates: Turkey, Brazil, Argentina, and China. We certainly do […]
By: John E. Charalambakis | On: August 22, 2018 |
With very little doubt the good earnings growth has uplifted and sustained stocks to high levels. At the same time, good economic growth has uplifted consumer and business confidence levels […]
By: John E. Charalambakis | On: November 13, 2018 |
Victor (as in Frankenstein), Prometheus (and Pandora), and Sisyphus (and the Rock): Defiance, Derivatives, and Midas
Victor Frankenstein was the creator of the monster and not the monster itself. Prometheus’ gift of fire to humans was offset by Pandora’s box. Sisyphus’ condemnation to keep rolling the […]