By: John E. Charalambakis | On: June 23, 2016 |
“A greater Quantity [of money] employs more People than a lesser Quantity”, said John Law in 1705 in his pamphlet titled “Money and Trade Considered, with a Proposal for Supplying […]
By: John E. Charalambakis | On: June 14, 2016 |
Last week the European Central Bank (ECB) started buying corporate bonds. Over the course of the last four year the ECB has committed to “do whatever it takes” to save […]
By: John E. Charalambakis | On: June 1, 2016 |
Productivity growth in the US will decline for the first time in over thirty years, raising the obvious question: How about all those magnificent innovations that constantly change our lives […]
By: John E. Charalambakis | On: May 26, 2016 |
In September 2010 we warned of the Chinese Wall of Steroids, http://stage.blacksummitfg.com/wp-content/uploads/2011/01/The-Great-Wall-of-Steroids-Vol-2-Issue-3.pdf . In that newsletter we also explained the dangers of WMPs (wealth management products) in China where investors […]
By: John E. Charalambakis | On: May 19, 2016 |
Recent reports by major investment banks carry a flavor of pessimism, by suggesting underweighting equities and higher exposure to high yield. We are cautious over the course of the next […]
By: John E. Charalambakis | On: May 11, 2016 |
The act of counterbalancing and possibly containing China has multiple faces. Shinzo Abe, the Prime Minister of Japan met with Vladimir Putin of Russia last weekend in an effort to […]
By: John E. Charalambakis | On: April 29, 2016 |
Yesterday’s decision by the Japanese Central Bank not to extend its monetary easing, strengthened the Yen and significantly pressured the Nikkei Index. It has been obvious in the last several […]
By: John E. Charalambakis | On: April 21, 2016 |
The scientific art of asset and wealth management is like conducting an orchestra. Each musician is dedicated in playing her/his own unique instrument. The enjoyment of music is the product […]
By: John E. Charalambakis | On: April 12, 2016 |
Over the course of the last couple of weeks we have read reports that credit facilities are rising, production is on the upswing, Chinese tremors are subsiding, and an overall […]
By: John E. Charalambakis | On: June 29, 2016 |
An Illusion of Value: Zirflation and Nirflation in a Market that is Overfed but Still Malnourished
The Brexit vote (for which we reserve some doubts that it is ever completed) generated some panic selling, sending investors to the refuge of safe havens. Hence, government bonds experienced […]