Recent Posts

Regime change for global economy

This could be the year when the global economy enters a new regime. No longer driven by minimal inflation in prices, negligible interest rates, steadily falling bond yields, growing inequality, and fantastic returns on asset prices, it’s possible that the return of rising prices in 2021 will at last force a new way of doing things. With inflation a serious ...

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Plague and war, but good stuff too

Two of the four horsemen of the apocalypse will keep us busy in 2022 as they did in 2021. One is plague — in our case the Sars-CoV-2 virus that keeps mutating. As predicted in March, people are in for a seemingly permanent struggle between us (science) and nature (evolution). People keep coming up with new and better vaccines, but ...

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How Europe can reduce its dependence on Russian gas

  As if the pandemic and rising inflation weren’t enough, Europeans face another source of wintry discontent: an energy crisis. A supply crunch has caused the price of power to hit record highs, just in time for the coldest season. It also risks exacerbating a worrying situation in Ukraine. With Russia massing forces on the border, Europe’s dependence on Russian ...

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