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Posts Tagged ‘investment banking’

Tartar Cameleer: Georgia as an East-West Trade Bridge

by Douglas Clark Johnson

25 January 2010

The visitor to the nation of Georgia continually encounters images by Niko Pirosmanashvili (1862-1918), known as Pirosmani and considered a master of naïve painting. His portraits of Georgians enjoying daily life a century ago—peasants, fishermen, musicians, even millionaires—pop up everywhere as restaurant murals and tourist mementos. And even occasionally as the original artwork.

Niko Pirosmanashvilli's painting The Cameleer

It is noteworthy, then, that Pirsomani’s sense of the ordinary extended to a man in oriental costume holding the tether of a Bactrian camel. Tartar Cameleer evokes the Silk Road, suggesting that the commonplace extended to caravans passing through Tiflis (now Tbilisi). In view of the painting’s 1914 date, the cameleer image may have been nostalgic, but it is a vivid, if rustic, indication of Georgia’s longstanding role as trade junction between Central Asia and Europe.

From the perspective of global investment strategy, Pirosmani’s portrait of the camel driver conveys the cosmopolitan nature of the Georgian economy. His worldview prevails into the present day as Georgia looks both East and West to affirm its progressive identity.
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China: Alone in Its Confidence

by Douglas Clark Johnson

05 February 2009

In an inaugural week, you would expect the international news weeklies to carry a cover story on the incoming US president. Time ran a feature on President Obama entitled, “Great Expectations.” The Economist did the same, but called it, “Renewing America.” Newsweek? Well, their editorial board decided to publish a special issue, labeled “Why China Works.”

Maybe that says two things: that the world does not revolve around Washington and that the global economy may be a bigger issue than who is in the White House. The subhead to the Newsweek cover story certainly had a sobering message for many US-focused economists: “Inside the command-capitalism model that will outrun all rivals.”

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Islamic Banks: Front and Center

by Douglas Clark Johnson

19 January 2009

As a newly declared finance major in college, I recall my Money & Banking professor proclaiming on the first day of class, “Don’t ever forget that our banking system is most fundamentally based on confidence.”

It struck me as an odd statement at the time. Given decades of institution-building and multiple regulatory overlays in the United States, her notion seemed almost antique. Or was it?

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