Charlie Perkins

The playbook from here is as follows: Greek banks stay shut to prevent a run on them / After the ECB denies emergency liquidity, Greece will either seize all the Euro’s on deposit in order to shore up the banks, or redenominate the accounts into “New Drachma”s / Greece undergoes... Show More

Charlie Perkins

Huge moves continue across the boards in global markets – the Shanghai Composite rallied 16%(!) on the month to be up 25% this year, on top of last years 67%. Shares are the new property and there are record numbers of accounts being opened, with margin loans quite prevalent. This... Show More

Charlie Perkins

The US stockmarket is a prime example of a self-interested feedback loop which has become detached from reality via an unsustainably low and artificial interest rate policy. Pain lies down any available path. You can read more here: http://www.ppmadvisers.com.au/ppm-global-market-monthly-a-dangerous-circular-reference Show More

Charlie Perkins

In the last few months our newsletters of Get up and dance (Aug) and The Centre cannot hold (Jul) have built on a theme of Central bank distortion of the free markets to the extent that basic fundamentals have taken a back seat. Deliberately pursuing an artificially cheap interest rate... Show More