Pinchas Landau writes about Israeli and Global economics, finance and politics
The ‘dog in the night’ is, conceptually, the contra of the canary in the coalmine. In the early twentieth century, when coal was still king, miners used to take a canary down the shaft and use it as a live and primitive early-warning system. Canaries are highly sensitive to dangerous gases which might be odourless for humans, so if the […]
» Read moreAll those people, mostly Jews, obsessed by the double standards supposedly employed by the media, can add another item to their list. It’s not actually new, but recent events have served to highlight it to a degree perhaps unprecedented. I refer to the way big moves in equity markets are reported. When markets fall by an unusually large amount in […]
» Read moreBy the standards of recent weeks and months, the past few days have been relatively quiet on most markets. The reason for this almost certainly has more to do with internal market dynamics than with fundamental economic developments. The sheer intensity of the moves in and across the financial markets in the days leading up to and during what we […]
» Read moreRarely can a long weekend have been so welcome to so many people as this Easter weekend surely is to everyone involved in the financial markets. The last week has been exceptionally nerve-racking even from the point of view of bystanders, let alone that of participants — from the extraordinary events of last Thursday, through the save-Bear-Stearns weekend and the […]
» Read moreThis is not – cannot be – a normal column. It is being written on a day, during a week, in a month, that are all the furthest removed from normality in the global financial system, that anyone has seen since…well, probably since the global financial system imploded in 1931, leading to you-know-what. It is especially difficult to convey the […]
» Read moreNo, the headline does not refer to the debt crisis or any other of the more recent global economic woes. Rather, it relates to a much longer-running phenomenon, namely the decline of the American dollar. This is now in its seventh year — a long time in the currency markets, even for a primary trend. For at least two years, […]
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