Anatole Kaletsky

Despite election results, reason still rules Europe

By Anatole Kaletsky
May 30, 2014

anatole -- french student

When can a vote of 25 percent be described as a “stunning victory” or even a “political earthquake”?

No reason for these stock market jitters

By Anatole Kaletsky
May 8, 2014

anatole -- unhappy trader

“Sell in May and go away.”

This stock market adage has served investors well four years in a row. Every year since 2010, stock markets around the world have suffered significant corrections between a high reached in May and a low in the summer or early autumn: by 15 percent in 2010, 19 percent in 2011, 9 percent in 2012 and 5 percent in 2013, as gauged by the Standard & Poor’s 500.

We’re coming into financial hurricane season

By Anatole Kaletsky
September 5, 2012

The North Atlantic hurricane season runs from mid-August to October, with a strong peak in storm activity around the middle of September. A less familiar but even more destructive pattern of disturbances is the financial hurricane season, which coincides with the meteorological one almost to the day.

Why is the response to economic crisis not more serious?

By Anatole Kaletsky
July 12, 2012

The state of the world economy these days reminds me of the famous telegram from an Austrian general, responding to his German counterpart toward the end of World War One. The German described the situation in his sector of the Eastern front as “serious but not catastrophic”.  In the Austrian sector, the reply came, “the situation is catastrophic but not serious”. In much of the world today the economic situation is verging on catastrophic, but “not serious” seems a perfect description of the political response.