“There’s a retired businessman named Red Cast down from heaven and he’s out of his head He feeds off of everyone that he can touch He said he only deals […]

There are two distinct but inseparable parts in today’s commentary: First, we discuss epochs of transition and relate those transitions to the developments we are witnessing nowadays. Second, we ask […]

Are we experiencing a tragic market filled with pathos and crowned by ironies? Are there objective patterns in the flow of history (and for that matter of market cycles/waves) related […]

Ideological sclerotic politics can lead to tyranny. Adopting inflexible stands in an ever-changing market can lead to portfolio fragility. Ignoring the principle of prudence can inflict instability on both our […]

John E. Charalambakis Herodotus made the call. Dante was on the other side answering the call at 1600 Pennsylvania Avenue. George F. Kennan was summoned in order to break the […]

In the first part of this commentary, we examined two contrasting views of the market’s direction. The one describes a resilient economy. The other raises concerns about economic fundamentals that […]

Is there a Kantian Categorical Imperative for change in the international reserve system? A recent article by Bloomberg had the following introductory note: “All around the world, a backlash is brewing against the […]

Reflecting over the last three years leaves us with a puzzling enigma: Is this a different world and a different market than the one we were facing in 2019? Unequivocally, […]

With the debt ceiling debacle behind us we are closing this series, as we are of the opinion that a new cycle for the American and the global economy is […]

Could Puccini’s opera Tosca (based on Sardou’s dramatic play La Tosca) be the prolegomenon of the debt limit debacle? There are plenty of twists in both the play and the […]