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The yield curve plots the returns on government bonds by maturity, starting from the shortest and going up to the longest ones. The chart is closely watched as it can provide interesting indicators about the investors’ perception of future economic…
Read moreThe economic and military armament of the big illiberal powers – Russia and China, in particular – was achieved with capital originating in liberal countries. The capital’s unscrupulous pursuit of globalization opportunities after the fall of communism thinned the middle…
Read moreOver the last 6 months, we have heard countless comments about the delicate situation faced by Central Banks, forced to make a rather impossible choice: either to take on inflation, or try bypass recession. This is indeed an impossible choice…
Read moreIn recent weeks, we have witnessed a large number of debates, unfortunately including people who can not be suspected of malice or deception, which referred to the cowardice of Romania and those who lead it. The labeling was a consequence…
Read moreThe greatest military victories in history would not have been achieved without the leaders of those times. People of sound mind do not willingly sign their death warrant; instead, they protect their lives and avoid evil. So what drove them…
Read moreRussia’s current reaction is justified by NATO’s aggressive expansion eastward. This is the theory that sparks heated debates, both among experts and the general public. Although I think it should be abundantly clear to everyone that no explanation, however elaborate,…
Read moreFleeing or rapidly moving away from danger is a response deeply imprinted in the animal subconscious as a way to ensure the survival. In any species of any size, sensing an imminent life-threatening danger triggers automatic, instinctive responses that cause…
Read moreHow pathetic can you be to expect the USA to find you alternative gas sources after stubbornly making sure to hand yourself on a silver platter to Gazprom? How pathetic can you be to hold dozens of high-level meetings to…
Read moreIn the US, in the UK, in the eurozone, in the EU, the inflation surpasses even the worst-case scenarios. The reasons behind it are presented as “exogenous”, namely they are somehow extrinsic, beyond the central banks’ control. But are they…
Read moreMore often than not, economic crises are the product of excesses: prolonged periods of low interest rates despite the overheating economy, exchange rates that do not mirror the economic competitiveness of the issuing country, excessive indebtedness resulting in default, budget…
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