Maailmantalous seisoo vedenjakajalla. Takanamme on yli 30 vuotta rahoitusmarkkinoiden ja velan vetämää talouskasvua. Edessämme siintää syvä kuoppa ja sen takana, toivottavasti, uusi uljas maailma.
The world economy has never faced a more perilous situation. While many have just started to debate whether a recession will start in 2019 or 2020, very few perceive the ‘black hole’ the global economy is about to get sucked into.
The hole has two…
Whatever has the nature of arising, has the nature of… Read More »The end of the most manipulated business cycle — ever
Errata in the effects of QE corrected 10/21. Market liquidity… Read More »The (ominous) problem with global liquidity
Euroalue on savijaloilla seisova finanssijättiläinen. Sen pankkisektori on lähes kaksi… Read More »Q-Review 3/2018: Kuinka euroalue hajoaa
The Eurozone is a fragile financial mammoth. While its GDP lacks the US by around $3 trillion, assets of the banking sector are some 240 percent of GDP vs. around 90 percent in the US. It has been kept standing only through the large-scale asset purc…
The general storyline of the Global Financial Crisis (GFC) goes about like this: funds from all over the world headed to the US, where the banks, to finance the housing market boom, developed unsound financial products which then brought down the glo…
The economic crisis brewing in Turkey seems to have surprised… Read More »Turkey: A harbinger of a global debt crisis?