By: John E. Charalambakis | On: November 8, 2010 |
They did it again. They rolled the dice again in favor of $600 billion in purchases, and when we count the repurchases of other paper-instruments (e.g. mortgages and MBS), the […]
By: John E. Charalambakis | On: November 2, 2010 |
Just a few days ago the auction for TIPS (Treasury Inflation Protection Securities) produced for the first time ever negative yields. When we take into account that TIPS’ correlation with […]
By: John E. Charalambakis | On: October 25, 2010 |
The securitization problems seem to be making another comeback in the form of “foreclosuregate”, as the Economist newspaper has labeled its latest phase. Banks seem to be admitting to subpar […]
By: John E. Charalambakis | On: October 19, 2010 |
Today China decided to raise its lending and deposit rates. How could we interpret such a move? In the near future we will draft a commentary on Icarus, but let […]
By: John E. Charalambakis | On: October 14, 2010 |
Have you seen him lately? He is still rolling that stone up to the hill. He is my good friend, Sisyphus. He was condemned to roll the stone up the […]
By: John E. Charalambakis | On: October 5, 2010 |
The second phase of the global economic crisis (fiscal and consequently sovereign debt) is rearing its ugly head again. News broke on Friday that the government of Ireland would stand […]
By: John E. Charalambakis | On: October 5, 2010 |
“The world was all before them where to choose their place of rest and Providence their guide. They hand in hand with wandering steps and slow through Eden took, their […]
By: John E. Charalambakis | On: September 23, 2010 |
A few days ago, Vladimir Putin called his annual gathering of academics, journalists, and other analysts a.k.a. the Valdai meetings, at his vacation home in Sotsji, Russia. The leader of […]
By: John E. Charalambakis | On: September 14, 2010 |
Just a few days ago, Jurgen Stark, a member of the Executive Board of the ECB (European Central Bank) said that German banks would require more capital. According to Basel […]
By: John E. Charalambakis | On: November 10, 2010 |
Seisachtheia Meets the Markets: The Fed, the Yuan, and India
First of all, a special note of thanks to a good friend (IKM) who recently reminded me of the concept of Seisachtheia. Thus, a historical reference is needed first (please […]