By: John E. Charalambakis | On: July 6, 2010 |
The job report last Friday was dismal. Payrolls fell for the first time this year, indicating that the private sector feels uncertain about the depth of this recovery. We remember […]
By: John E. Charalambakis | On: July 1, 2010 |
In our posting last week we pointed to the fact that while monetary reserves are rising, money supply is contracting due to the inability of banks to identify credit-worthy customers, […]
By: John E. Charalambakis | On: June 28, 2010 |
The G-20 meeting took place last Saturday. We think it’s an oxymoron that world leaders try to address in one-day conferences serious problems that took years to be created. The […]
By: John E. Charalambakis | On: June 25, 2010 |
It’s a fact: Alarm clocks destroy dreams. Let’s destroy the alarm clocks. They wake us up from our dreams; interrupt our narcissistic visions of high flying markets and rosy paths […]
By: John E. Charalambakis | On: June 21, 2010 |
The recent announcement that the Chinese will allow their currency (RMB a.k.a. Yuan) to be more flexible against the greenback was welcomed by US and other monetary authorities. The RMB […]
By: John E. Charalambakis | On: June 16, 2010 |
As we are drafting this commentary, we are hearing that the Spanish auction of 10-year notes went well. We choose to differ on the situation in Spain. Spanish banks have […]
By: John E. Charalambakis | On: July 8, 2010 |
On Debt Contagion and Banks’ Balance Sheets
For some odd reason there exists a split among even the most well-known economists regarding what the current Greek debt crisis means in the grand scheme of things, both for […]