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Archive: September, 2012

A non-trivial dichotomy

A few days ago we underwent a reallocation of risk due to the increasing divergence between markets and real fundamentals. We are not secularly bearish, in part because it is difficult to see asset prices fall when faced with the wall of liquidity central banks are producing. But asset prices (equities in particularly) went from read more

Martin Anidjar | September 28, 2012

Mr. Draghi: Theorist, pragmatist and leader

Mario Draghi (ECB President) once again showed leadership at crisis management, when he announced the details of his plan to use the Central Bank’s balance sheet to help the euro and its troubled countries in their transition through structural reforms. Mario Draghi shows a rare and privileged combination of leadership and pragmatism. The size of read more

Martin Anidjar | September 10, 2012

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