The majority of Turkey expects a clear indication from the EU whether their country can join to the community. Our interviewee, Sinan Ülgen, chairman of…
Dollar export – The ideal monetary system, part 11
The US balance of trade slipped into negative territory in the 1970s, and the deficit has been on the increase ever since. The crisis slightly…
Challenge in chasing yield
The last time that I wrote about European markets was in July. That time my main conclusion was, that in a selective way, it can…
A world built by hypnosis – The ideal monetary system, part 10
What is impossible in physics is possible in the complex world of the economy: something could happen just because people believe in it. Self-fulfilling prophecy…
Two-tier basic income – The ideal monetary system, part 9
In the previous part, I argued that instead of asset purchases or boosted lending, we could much more successfully avoid deflation and stimulate the economy…
China is not the only problem. It is Poland too.
What happened in the last thirteen months is unbelievable: almost one and a half billion dollar capital left the emerging markets. This is the double…
Euro is the name of the new safe-haven currency. Or is it?
Euro performs surprisingly well in the current financial storms, though, our according to our interviewee, market players who deem euro to be the new ‘safe-haven’,…
CYCLES
I have been asked plenty of times recently how long will this boom in the Hungarian economy last. If we take a look at the…
America dates Trump, but marries Hillary…
America owes its better economic productivity, and higher employment rate compared to Europe, to its remarkable openness and flexibility originating from its very culture –…
Monetary basic income – The ideal monetary system, part 8
Europe is on the verge of a new recession and deflation. Money should be printed and injected into the bloodstream of the economy. The question…
Slovenia is back on the radar for investors
What has made the Slovenian market interesting is that after briefly coming on the radar in 2010, it fell off again, hitting 2009 lows, in…
The european bond bubble has popped
A remarkably fast rise in yields is taking place in Europe: French 10-year T-bonds had stood at 0.36% as of the middle of April; today…
A 50% increase is possible. the question is where?
Inflation is outpacing the interest paid on bank account deposits, making it hard to “get a return”. Realistic alternatives include: treasuries, real estate and mutual…
Bitcoin 2.0 – Ethereum
In an attempt to cash in on the recent popularity and prevalence of bitcoin, inventors have launched a good number (i.e. hundreds) of cryptocurrencies. What…
MONETARY SOCIALISM – THE IDEAL MONETARY SYSTEM, PART 7
Not long ago, there lived an American economist who thought that it would be best to close down the Federal Reserve, the US central bank….
HELICOPTER MONEY – THE IDEAL MONETARY SYSTEM, PART 6
Despite a zero interest rate the threat of falling prices is imminent, which hurts the economy rather badly. In a famous 2002 speech, former Fed…
Estonia Way Ahead: an Example for CEE countries?
The fact that the average wage in Estonia has passed the 1000 Euro is an important milestone while its economy is rapidly aligning itself with…
DECLINE OF THE INTEREST ERA – THE IDEAL MONETARY SYSTEM, PART 5
Historical experience shows that excessive inflation will hurt an economy badly. Taking their time in learning the lesson, governments tasked their central banks with the…
Gundlach: There will not be a collapse of the bond market this year
It’s big news whenever a market guru shares his thoughts on the markets and where he expects them to go in the future. Jeffrey Gundlach,…
CENTRAL EUROPE: THE ECONOMIES HAVE GROWN, BUT SHARE PRICES HAVE NOT
Almost exactly one year ago, I wrote an article that struck an optimistic tone about Central European stocks. At that time I thought that we…
SAVINGS CRISIS – THE IDEAL MONETARY SYSTEM, PART 4
Assume that the idea I explained in the previous part also occurred to one of my ancestors in Ancient Egypt five thousand years ago. Being…