One thing missing from basically all economic analyses of the… Read More »The approaching European (global) banking crisis
Since we first warned about the dire impact of the… Read More »The economic end scenarios of the Covid-19 pandemic
The massive economic blow caused by the Covid-19 will, most likely, bring an end to the European common currency, euro.
The global collapse would bring in its wake massive unemployment, poverty and the re-structuring of our whole social and economic order.
The 2019-nCov pandemic has ravaged the world economy since February. On the 9th of March, we published forecasts assessing the likely impact of the outbreak going forward under various scenarios. We will publish updated forecasts in a series of Deprcon Special Issues. This is the first of those updates.
As shown by the ghastly February PMI prints from China, the coronavirus is about to hit the global economy like a sledgehammer. It has already caused serious disruption in production, air travel and commerce worldwide. And more is on the way.