There is no recovery
We have been watching, with disbelief and bemusement, how the… Read More »There is no recovery
We have been watching, with disbelief and bemusement, how the… Read More »There is no recovery
In this blog, we present the anatomy of a financial… Read More »The anatomy of a financial crisis
The coronavirus has delivered a devastating blow to a fragile… Read More »Special report on surviving the economic collapse
There has been a lively debate on the effect of… Read More »Euro, markka and the exports of Finland
One thing missing from basically all economic analyses of the… Read More »The approaching European (global) banking crisis
A recession is approaching. Almost anywhere in the world one looks, economic indicators are in decline. As we have argued since March 2017, the coming recession wil…
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…