We are dreaming. We desire utopias. We treat ourselves with placebo drugs and we are hypnotized by all of the above. The symptoms started in Japan in the early 1990s. […]

Over the course of the last few weeks equity markets has felt shocks, with the German DAX index dropping by more than 10% signifying correction territory. As we explained last […]

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 […]

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 […]

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 […]

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 […]

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 […]

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, […]

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 […]

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, […]