As the results of the election kept coming in on Tuesday night, the futures markets indicated a turbulent opening for Wednesday. However, as the morning hours were unfolding and as […]

Within six days the US election will (probably) be over. Serious statistical models show that the outcome may be more uncertain than pundits predict. Some of the latest polls in […]

Markets are looking for an opportunity to break free from the noise of going sideways. It could be that the recently announced deals in mergers and acquisitions could become the […]

This year marks the 60th anniversary since Kafka published his least understood philosophical novel titled “The Fall”. The novel is a series of monologues by its main character (Clamence). Clamence’s […]

The markets seem to be suffering from hyperkinetic activity generated from too much kudzu collateralization, securitization, credit overextension, and central banking intervention. This has resulted  in impulsivity across credit markets […]

Lack of foresight is not a tactical mistake. It is a dangerous strategic error whose price is paid mainly by innocents over a long period of time. In April 1917, […]

In chapter 19 of the Odyssey, Homer writes about Penelope’s encounter with a mysterious guest. “Falsehoods all, but he gave his falsehoods all the ring of truth. As she listened […]

The flowering of the Enlightenment across Europe in the 17th and 18th centuries took place when a diverse group of thinkers questioned perceived opinion. The names of Descartes, Spinoza, Locke, […]

The markets have been used to central banks actions that mitigate downturns (the famous/infamous puts that take the names of central bankers such as the Greenspan and Bernanke puts). Such […]

The external debt of developing economies has more than tripled in the last ten years. Brazil of all countries is selling notes to yield-hungry investors that mature in 2047! Where […]