Category
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…
Read moreA 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…
Read moreIn 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…
Read moreThe 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…
Read moreThe 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…
Read moreIt was a bullet whizzing past us, investors, bankers, employees, employers, consumers, deposit holders and the list could go on. The 2008 crisis, by its complexity, has had a serious and profound impact on financial and economic systems, in the…
Read moreTo rise up and go it alone against the establishment is not an easily made decision. Despite corporate managers and governments urging transparency, ethical behaviour or the flagging of any unfair or outrageous behaviours, the truth is that, more often…
Read moreOne of the “compelling” arguments that those who refute the danger of the economy slowing down and sliding towards recession put forward is the Romanian consumers` appetite which shows no sign of abating. And why would it while consumer sentiment…
Read moreI repeatedly read the other day an interview by Deutsche Welle with professor Herbert Brucker, researcher on international migration and European integration with the Federal Institute for Employment Research in Nurenberg. He basically argues in favor of immigration to Germany, putting…
Read moreCentral banks in mature and liberal economies have consistently advanced an image of exclusively technocratic establishments and kept political relations to a minimum. The main and single mandate received by most of them, namely to keep inflation under control, meant…
Read more
