2021: The year of the Black Swans?
A “Black Swan” is best defined as an unforecastable, low-probability,… Read More »2021: The year of the Black Swans?
Central banks
Q-Review 3/2021: Zombification and the coming inflation shock
We have been emphasizing the fragility of the global economy… Read More »Q-Review 3/2021: Zombification and the coming inflation shock
Is hyperinflation on the horizon?
From time-to-time historically, national authorities have resorted to financing by… Read More »Is hyperinflation on the horizon?
Are Central Bank Digital Currencies a threat to the financial system?
Recently there has been an increased interest in digital currencies.… Read More »Are Central Bank Digital Currencies a threat to the financial system?
Our December 2020 forecasts for the World Economy
Because of the current extraordinary political and economic situation of… Read More »Our December 2020 forecasts for the World Economy
The mystery of the stagnated productivity growth
In late 2017 we reported, as probably the first macroanalytic… Read More »The mystery of the stagnated productivity growth
Can the world economy ‘Japanificate’?
Now that the first serious mutation of the Coronavirus has… Read More »Can the world economy ‘Japanificate’?
Q-Review 12/2020: The Aftermath of the Coronavirus
How will the coronavirus pandemic alter our economies? It has… Read More »Q-Review 12/2020: The Aftermath of the Coronavirus
Are we in a ‘New Normal’?
The past two years have been especially brutal to so-called… Read More »Are we in a ‘New Normal’?
Black Swans on Black Friday
On this ’Black Friday’, it’s good to remember that we… Read More »Black Swans on Black Friday