Commentaries

By: John E. Charalambakis | On: August 3, 2014 |

Altering Expectations: Not Exactly What it Usually Means

The market turmoil last week persuaded some that a major correction is at work that will deflate the financial bubble. We would humbly disagree with that prediction. In our opinion […]

By: John E. Charalambakis | On: July 21, 2014 |

Central Banks and Market Dislocations: Macroprudential Policy as Enforcer of Uncertainty

In the most recent report from the Bank of International Settlements (BIS) – the central bank of the central banks- we observed one the clearest divisions between the accommodative/coordinated policies […]

By: John E. Charalambakis | On: July 12, 2014 |

Plumbers Wanted: Financial Clogs and Market Engineering

Over the course of the last several months a sense of market stability has prevailed. This can be seen in the low yields of government securities around the globe, signifying […]

By: John E. Charalambakis | On: July 3, 2014 |

The Devolutionary Disease of Conceit: Two Hundred and Thirty Eight Years Later

According to the latest employment data the average pace of job gains in the US has accelerated and now stands at the highest level in the last few years, as […]

By: John E. Charalambakis | On: June 29, 2014 |

Wholesale Funding, Rehypothecation, Precious Metals and Pricing: Are We Counting the Cost?

In a recent article Bloomberg reported the following pertaining to the gold market in China: “China’s chief auditor discovered 94.4 billion yuan ($15.2 billion) of loans backed by falsified gold […]

By: John E. Charalambakis | On: June 15, 2014 |

Energy Assets, and the Redrawing of Maps: Shifting Strategies & the Markets’ Reaction

How could ISIS, a group of few thousand radical Islamists (a.k.a. Islamic State of Iraq and Al-Sham) be able to gain control of such vital areas and threaten energy, geopolitical, […]

By: John E. Charalambakis | On: June 9, 2014 |

The Romantic Economic Landscape: And They All Shall Have Prizes

The past two weeks have been quite historical. Let’s review some facts and ponder about the direction of the markets in the foreseeable future. Euroskeptics won major battles in several […]

By: John E. Charalambakis | On: May 24, 2014 |

Anything Goes: Lessons Learned from Market Sages

One of the greatest privileges in my life is to sit down with people I admire and be taught important lessons. I had that honor again last Thursday in London, […]

By: John E. Charalambakis | On: April 29, 2014 |

Prudential Banking: Giving Credit Where Credit is Due

Early this morning I was listening to the announcement about Deutsche Bank’s (DB) profits, which came in “better than expected” and hence its stock price gained more than 2% for […]

By: John E. Charalambakis | On: April 23, 2014 |

The Great Divorce: Dystopia Built by Delusions and Divergence Cries out for a Devolution

This commentary serves as an initial attempt to explain the financial crisis, the current market upswing, and the potential brewing crisis which in a few years time could change the […]