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Do not open the champagne yet!

Published at: 12-10-2020

Posted on: October 12th, 2020 by RaduC No Comments

Do you know those parties where everybody is having a great time and there comes a time when they all naturally want to open the champagne? And a guy immediately says “hold on, do not open the champagne for another year, it is not time yet!”. And all of the sudden he/she becomes the most […]

Is dollar hegemony drawing to a close?

Published at: 04-10-2020

Posted on: October 4th, 2020 by RaduC No Comments

We are in a difficult period of transition with no compass for guidance. Despite desperate attempts to make the future more predictable by looking at past economic crises, I am convinced without a doubt that no previous experience that mankind has lived through has any bearing on present and future developments. The events and changes […]

Central banks have prevailed: financial markets are in the dark

Published at: 09-08-2020

Posted on: August 9th, 2020 by RaduC No Comments

Some cities around the globe can offer a unique experience when it comes to dining out called “Dinner in the dark”. This is basically having dinner in a pitch black room which completely deprives you of using what is probably the most important sense, namely sight. Whatever their initial intention, confusion and stress, clumsiness and […]

How short will the memory of Capital be?

Published at: 26-07-2020

Posted on: July 26th, 2020 by RaduC No Comments

Much is being written about the impact that the pandemic is set to have on globalization and about international capital relocation. It refers to a return to regionalization, to the detriment of globalization, a process whereby people who put their money in China first, and in other corners of the developing  world, will bring production […]

Can capitalism continue to provide wealth?

Published at: 19-07-2020

Posted on: July 19th, 2020 by RaduC No Comments

I am talking this week with Lucian Croitoru, advisor to the NBR governor, whose views, however, do not express the official position of his institution. RC: Lucian how outrageous is it that after we got out of the tragic experiment called communism, we ended up talking about the extent to which capitalism provides prosperity. LC: […]

This was not the plan…

Published at: 15-07-2020

Posted on: July 15th, 2020 by RaduC No Comments

Based on the spread rate and lack of specific information about the novel coronavirus, staying at home seemed like the only solution to prevent the situation from spinning out of control. All countries that enforced it early in the pandemic saw contamination peak at much lower levels than those hesitating or experimenting with herd immunity […]

Who is dumb and who is smart anymore?

Published at: 14-06-2020

Posted on: June 14th, 2020 by RaduC No Comments

The vernacular of those who deal in or broker investments cynically talks about “smart money” and “dumb money”. The former is managed by savvy professionals presumably able to take the best decisions regarding the amounts that they invest. Their choice of financial instruments is always substantiated, they correctly assess the return to risk ratio and […]

The war of the century – There is a winner

Published at: 28-05-2020

Posted on: May 28th, 2020 by RaduC No Comments

At the end of 2016 I put forward an idea that the intervening years has increasingly reinforced. It is, moreover, an idea that is strongly re-emerging as the world is being reshaped in the wake of the pandemic. I am referring here to the clash that this century is about to experience, a war which […]

Great powers learn to be humble

Published at: 01-05-2020

Posted on: May 1st, 2020 by RaduC No Comments

Throughout human history the great powers have always made sure to get the lion’s share. The “great power” status, whether the source of power lied in the economy or their military strength, turned the countries into more than regional or world leaders, but into targets of constant wooing by small and mid-sized countries that were […]

Welcome to 2050!

Published at: 26-04-2020

Posted on: April 26th, 2020 by RaduC No Comments

Most often than not, global crises force humanity into change, greatly stepping up processes that were rather slow to develop. At this point in time, also, developments that initially would have taken decades to complete will be moving into top gear with major effects in just a matter of years. From this perspective, it is […]

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