By: John E. Charalambakis | On: June 9, 2015 |
We live in an epoch where volatility is becoming a trademark. We try to discover causes for this and all we are successful in doing is reshuffling symptoms. Like lemmings […]
By: John E. Charalambakis | On: May 19, 2015 |
In a recent study by the McKinsey Institute total credit market debt in China is shown as the largest in the world, and that is only what we know of. […]
By: John E. Charalambakis | On: May 14, 2015 |
Over the course of the last two weeks, we have been observing a twist in the bond markets. Yields are rising and consequently bond prices dropping. More than $420 billion […]
By: John E. Charalambakis | On: April 28, 2015 |
This past Monday we posted an article by Chairman Paul Volcker on the need for radical financial reform (see http://stage.blacksummitfg.com/2978). Chairman Volcker wrote “it is too clear that […]
By: John E. Charalambakis | On: April 22, 2015 |
In its recent World Economic Outlook, the IMF questioned the sustainability of the current growth trajectory around the globe. This should not have been a surprise given the levels of […]
By: John E. Charalambakis | On: April 8, 2015 |
Around the globe fundamentals are being ignored. Unsustainable debt keeps rising, the equity markets of dysfunctional economic unions seem to “thrive”, unprecedented monetary measures are implemented and a Leviathan state […]
By: John E. Charalambakis | On: March 29, 2015 |
Could the markets suddenly unravel? Of course they could. The fiat monetary system is like a mirage, it can tumble because of underestimated circumstances. Imagine for example Greece abruptly leaving […]
By: John E. Charalambakis | On: March 11, 2015 |
Since 1873 the world has suffered two periods of great deflationary pressures: the first one from 1873-1893, and the second during the Great Depression in the 1930s. We may be […]
By: John E. Charalambakis | On: March 3, 2015 |
Lorenzo the Magnificent (the scion of the Medici banking family), whose lending institution dominated not only Florence but much of Europe, was also a poet influenced by Horace and Catullus. […]
By: John E. Charalambakis | On: June 16, 2015 |
Prodigal Families and Comical Tragedies: The Cannibalization of the Price of Capital
Rembrandt’s painting portraying the return of the prodigal son is an amazing and monumental piece of art. It signifies the most joyful moment of reuniting a family and starting a […]