By: John E. Charalambakis | On: May 24, 2012 |
I love dogmas (our first D). I know that in politically correct terms, dogma is an antiquated term that should die. However, dogmas are like the oxygen. You may not […]
By: John E. Charalambakis | On: May 14, 2012 |
Last Thursday evening, JP Morgan Chase admitted to losses of at least $2 billion on a $100 billion derivatives bet, baptized as hedging. As time goes by, the actual losses […]
By: John E. Charalambakis | On: May 8, 2012 |
The results of the elections held in Greece last Sunday may well have sent a powerful signal to politicians and policy makers worldwide, that has yet to be discussed by […]
By: John E. Charalambakis | On: April 25, 2012 |
From last weekend’s IMF meetings we learned that its “firepower” had increased substantially by over $400 billion to be used as needed in light of the deteriorating situation in Europe. […]
By: John E. Charalambakis | On: April 18, 2012 |
The figure below shows the six forces which we believe are at work in determining the trajectory of the Euro in the foreseeable future. The analysis below discusses the six […]
By: John E. Charalambakis | On: April 12, 2012 |
The markets were rattled in the last few days. Let’s review what the conventional wisdom underwrote as the main causes (we use the plural causes, since the explanation was changing […]
By: John E. Charalambakis | On: April 5, 2012 |
The risks in the global economy remain due to Europe’s problems in the banking and fiscal spheres as well as due to the hundreds of trillions of dollars in toxic […]
By: John E. Charalambakis | On: March 25, 2012 |
A friend was telling me lately that it seems that there are two kinds of people: Those who chose the door that leads to paradise and those who choose the […]
By: John E. Charalambakis | On: March 19, 2012 |
It has long been our position that the debt market should be viewed as a market for third-party liabilities. Its growth advances leverage and brings with it diminishing returns since […]
By: John E. Charalambakis | On: June 7, 2012 |
Parasitic Structures and Monetary Entropy: Basic Instructions Before Disintegration
Fifteen years ago the global markets were getting ready to “welcome” the Asian financial crisis. The cause of that crisis? Declining multifactor productivity from Thailand and Taiwan, to Indonesia and […]