Emerging markets have grabbed a lot of our attention since 2008 and this priority of ours is considerably evident in our newsletters and commentaries since that time. It makes a […]

On June 1, the French-German channel called Arte will broadcast a controversial documentary titled “The Octagon System”. The website www.Rue89.com claims that the producer started the project in 2007, but […]

As a sort of preface for our newsletter next month we will briefly touch upon some general sentiments we hold for holding positions in assets that will rise with the […]

This commentary is a continuation of our theme that hard/real assets that are no one else’s liabilities – in contrast to financial “assets” – represent anchors in portfolios.  It also […]

Since our last commentary on the events in the Middle East, turmoil in the region has not slowed down. Libya has captured most of the world’s attention due to the […]

In the ancient Greek play “Plutus” (Wealth) by Aristophanes, the unwise master named Chremylos pretends to be a righteous man who deserves wealth and prosperity at a time when his […]

Without a doubt in the last three-four months we live an oxymoron: In the midst of the sovereign debt crisis in Europe, the Euro has been strengthening and the US […]

We live in peculiar, maybe schizophrenic days. The drama that started unfolding in August 2007 pertained to Act I – known as the bursting of credit bubbles – that carry […]

At the time of this drafting the news centers on different fronts: Prime Minister Socrates in Portugal announced his resignation over a lost confidence vote in the parliament that was […]

The global equities market and its bullishness has experienced a shock. By some historical standards such as the P/E ratio and the forward-looking earnings multiple, the markets (at least some […]