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Is there life after death?

Published at: 18-04-2020

Posted on: April 18th, 2020 by RaduC No Comments

The tens of thousands of views that “The countdown has started!” post has received are for me the measure of impatience and hope with which the public waits for even a partial return to an economically active life, aware that the current situation can only be temporary. It can only be a short-term solution that, […]

The countdown has started!

Published at: 10-04-2020

Posted on: April 10th, 2020 by RaduC No Comments

Do not let appearances deceive you. There is a clock that although not heard is ticking, measuring the time left before the economic collapse occurs. We just cannot stay home on money printed by central banks.  We cannot hold onto our wealth in a country that stopped producing wealth. We cannot go on living off […]

Money’s in the printer, helicopters ready to go

Published at: 05-04-2020

Posted on: April 5th, 2020 by RaduC No Comments

This is not a dictator making a run for it, but the beginning of a new and unprecedented phase of central bank intervention not just in the money market, but also in the real economy. Due to the pandemic, national economies are confronted with an unparalleled situation, where a big chunk of economic activity has […]

Punished or redeemed?

Published at: 20-03-2020

Posted on: March 20th, 2020 by RaduC No Comments

I recently posted an unorthodox talk with the chief-economist of the Romanian National Bank, Valentin Lazea, when we agreed that the world’s economic development model was no longer sustainable. As a result, economic theories need to radically change and focus on GDP per capita growth and not just GDP growth. Neither does human civilization stand a […]

Is there a new crisis around the corner?

Published at: 15-03-2020

Posted on: March 15th, 2020 by RaduC No Comments

This is the question on everybody’s lips with the 2008 financial crisis still lingering in our mind. Not only did the stock market experience a similar dive over the past days but it has actually exceeded the scale of the previous crisis. On Thursday, March 12, the US Dow Jones and S&P 500 stock indices […]

Chief Economist: Many economists will call me mad, a traitor of my trade

Published at: 01-03-2020

Posted on: March 1st, 2020 by RaduC No Comments

I am talking this week with Valentin Lazea, chief-economist of the National Bank of Romania whose opinions do not involve the liability of his institution. Together I want to look at how much demographic growth, the obsession of governments, is a pre-requisite of economic prosperity. RC: Valentin, thank you for accepting my invitation. I am […]

The Emperor Wears No Clothes

Published at: 16-02-2020

Posted on: February 16th, 2020 by RaduC No Comments

A deep concern is haunting part of the Western elites vented as well in the main stream media: economic success is no longer within the exclusive remit of liberal societies. China`s spectacular developments in the past decades and its dominant position in spite of the autocratic political regime that originated them have prompted analysts to […]

Main central banks laid down their arms

Published at: 19-01-2020

Posted on: January 19th, 2020 by RaduC No Comments

In a recent report, the Institute of International Finance estimates that global debt has reached a new record high, 253 trillion dollars by the end of September. The analysis considers that this is debt accumulated mainly by governments and non-financial institutions. The report highlighted the major role that low interest rates played in spurring funding […]

Is Romania on the verge of war?

Published at: 13-01-2020

Posted on: January 13th, 2020 by RaduC No Comments

The recent events in the Middle East that led to an escalation of tensions between the US and Iran had some otherwise respectable analysts jump to rash conclusions about Romania’s possible involvement in the conflict. I am intrigued that these concerns did not emerge when the Romanian military became engaged in war zones, such as […]

Companies without seniors will have to buy them

Published at: 06-01-2020

Posted on: January 6th, 2020 by RaduC No Comments

The dire demographics have us worry about how the world or the country will look like with a more aged population.  I believe that this growing concern mostly explains the success of my “Welcome to the land of the elders “ post where I approached from several angles the paradigm shift that the society and businesses […]

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