Friday, 21st of September 2018 Can you believe it? We are a week away from ending Q3. We barely finished smiling at Q2 results… Groundhog Day, keeps repeating… We dare venture that, as has become customary, the analysts will yet again underestimate the results that we will read in early Octob...
Friday, 14th of September 2018 We remembered 9/11 seventeen years ago this week, as we shuddered at the tenth anniversary of Lehmans’ collapse, marking the start of the ‘Great Recession’… Before Lehman Brothers collapsed, before AIG buckled, before the financial system fully broke do...
Friday, 7th of September 2018 It is Friday ahead of Rosh Hashana, the Jewish New Year. A good time to wish you all a happy New Year! We find ourselves under troubled skies full of thunder and lightning, primarily of the emerging-markets type… Let’s hope that by Monday the fresh year will f...
Friday, 31st of August 2018 Last day of August and even the weather here seems to acknowledge the end of summer- cool and overcast. We can’t say we like this… Well, this is normal seasonality. In our world of economics and finance it doesn’t seem like a change of season, but we can detec...
Friday, 24th of August 2018 August is shutting down. Traffic in the city is increasing, parking places are becoming scarce again, and even temperatures are dipping. Other than these usual changes, we broke a new record this week – the longest ever equity bull market run… Well, this is the he...
Friday, 17th of August 2018 Another week gone by. The illiquid summer months are coming to an end. Arguably, the return of liquidity will manifest itself in less exaggerated market reactions. Clearly the “flavour-de-la-semaine” has been Turkey. In GDP terms, Turkey was the 63rd largest e...
Friday, 10th of August 2018 The heatwave afflicting the northern hemisphere is reinforcing our concerns expressed last week. Global warming is clearly upon us and the debate should shift away from why and whose fault it is towards the question of how to live in and with the new paradigm. We ...
