“By joining the World Trade Organization (WTO), China is not simply agreeing to import more of our products. It is agreeing to import one of the most cherished values of democracy: economic freedom.”The statement is by Bill Clinton, from March 2000.I think, and I have argued it many times, that what…
S&P – US Default – Market View
In recent weeks, fears of a US default have been felt from many quarters; frankly, in our opinion, the danger is not so much the concrete fact that there may be an actual default by the United States, but that there may be a panic that may spread in a…
2G Certificates Update April 2023
The month of March was marked by high volatility due to regional bank failures in the United States and the forced takeover of Credit Suisse by the UBS Group. Although there is still much uncertainty regarding the health of the banking system and central bank responses, markets were resilient with…
Financial Crises and Emotional Impact
Financial crises are periods when uncertainty explodes. Uncertainty causes stress and questions, for investors, traders, and anyone who routinely reads the news.News, financial and otherwise, ultimately causes a major headache.The term “correction” is technically defined as a market drop within 10%. Above that level, and especially above 20%, is a…
Credit Suisse and Global Markets
A few days ago we pointed out that we might not believe in the good health of Credit Suisse, but we had to believe that the Swiss National Bank would do everything to restore the total credibility and financial stability of the institution, which is Switzerland’s second-largest bank.The Swiss National…