By: John E. Charalambakis | On: August 3, 2013 |
For a crisis to culminate and show its true face, time is critical in the sense that it should enter a saturation phase which in turn will signify that the […]
By: John E. Charalambakis | On: July 29, 2013 |
The current market record-setting highs may signify an upward bias carried by momentum and liquidity. The first graph below shows the performance of the S&P 500 over the last month, […]
By: John E. Charalambakis | On: July 23, 2013 |
The best thing that the US has to export is the USD. From that perspective, it is the strategic advantage of the US to create those conditions necessary for the […]
By: John E. Charalambakis | On: July 10, 2013 |
In the last few days Greece and Cyprus occupied the headlines again in newspapers like The Wall Street Journal, the New York Times, and the Financial Times. I apologize for […]
By: John E. Charalambakis | On: July 5, 2013 |
It is apparent that Morsi never made up his mind regarding the ultimate Machiavellian question of whether a leader needs to be feared or be loved. The solution imposed by […]
By: John E. Charalambakis | On: June 27, 2013 |
The latest report of the BIS (Bank of International Settlements, a.k.a. the central bank of the world’s central banks) is very clear as to the future of further monetary stimulus […]
By: John E. Charalambakis | On: June 22, 2013 |
The Fed’s hint that they may taper the purchases of financial assets ignited a fear in the markets last week. We have long been advocates of sound money while questioning […]
By: John E. Charalambakis | On: June 15, 2013 |
We are coming to a juncture in the markets where we need to decide if the means of illusions used can produce any real lasting effects. The truth of the […]
By: John E. Charalambakis | On: June 8, 2013 |
This year marks the 100th anniversary of Kierkegaard’s birth. The father of existentialism had a clear target, to show that Hegel’s attempt to systematize all reality was an exercise in […]
By: John E. Charalambakis | On: August 10, 2013 |
On Spendthrift Lords, Rays of Hope, and Market Developments: Pyrrhic Victories and the Fable of Stability
The developed world’s crisis of 2008 was the result of credit over-extension fed by international imbalances and a finance sector that was issuing instruments whose collateral base was questionable. Developing […]