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The hypocrisy setting the world`s forests ablaze. The Amazon is only the beginning.

Published at: 28-08-2019

Posted on: August 28th, 2019 by RaduC No Comments

The Amazon rainforest is going up in flames. Here is one telling piece of statistics among the plentiful statistical data on the millions of hectares of forest wiped out in the last weeks. According to the New York Times, the rate of Amazon deforestation has increased by 39% this year from the same period last […]

Central banks buy hundreds of tons of gold. What about us?

Published at: 23-08-2019

Posted on: August 23rd, 2019 by RaduC No Comments

Bloomberg is signaling the fact that in the first six months of the year countries all over the world have bought over 370 tons of gold, pushing the demand for the precious metal to a three-month high. This has caused gold price to climb to the highest level in the last six years. The Russian […]

70 percent of Romania’s military equipment dates back to the Soviet era

Published at: 05-08-2019

Posted on: August 5th, 2019 by RaduC No Comments

This is the second part of my talk with retired lieutenant general Alexandru Grumaz. RC: Given the competition for army digitization, what should Romania`s endowment strategy look like? AG: We should have a very clear understanding of what our specific needs are based first and foremost on the national interest, military doctrine and the assessment of […]

The US-Russia arms control architecture risks collapse

Published at: 29-07-2019

Posted on: July 29th, 2019 by RaduC No Comments

I am talking this week with retired lieutenant general Alexandru Grumaz*, who throughout his professional career held senior positions within the Ministry of National Defense, as head of the Department of Defense Resource Management, director of the Integrated Defense Planning Directorate or Arms Inspector. He is currently running the Security Analysis and Studies Center. This […]

How will the “war of the century” end?

Published at: 21-07-2019

Posted on: July 21st, 2019 by RaduC No Comments

At the end of 2016 I published a post entitled “The war of the century which will define our future”. There I noted that globalization had caused the Capital – Labor balance which ensured the sustained growth of a thriving middle class in the advanced economies after the second world war to be broken. In […]

Forget about positive real interest rates!

Published at: 05-07-2019

Posted on: July 5th, 2019 by RaduC No Comments

In a recent public intervention at the start of its new term, the Romanian Governor of the Central Bank, Mugur Isarescu, gave us some interesting insights into the local FX and money market developments. Practicing what he calls “FX intervention using moral suasion”, he warned that the NBR will not allow the Romanian local currency […]

Extrapolation or disruption?

Published at: 23-06-2019

Posted on: June 23rd, 2019 by RaduC No Comments

I recently had the chance to participate in the INSEAD Alumni Forum Europe 2019 reunion along with 600 participants, first-class panelists on topical subjects. A wonderful occasion to catch up on how the members of the economic elite in Europe and elsewhere are thinking. The main recurring idea of the debates, including the INSEAD dean`s […]

Do you really know what Europeans voted for?

Published at: 02-06-2019

Posted on: June 2nd, 2019 by RaduC No Comments

One week after the European elections, the results continue to generate comments and assertions.  Most analyses tend to converge upon the idea that, fortunately, nationalist, populist and parties claiming sovereignty failed to make significant gains or anyhow, they stayed below levels initially feared. Voter mobilization which resulted in a turnout of more than 50%, almost […]

Shrinking population=economic decline?

Published at: 26-05-2019

Posted on: May 26th, 2019 by RaduC No Comments

Gross Domestic Product, the GDP, is a measure of the added value produced in a country. It is stubbornly tracked and mentioned to trace national economic changes. GDP growth has been traditionally the sole desire of economic and political elites. Any dip (negative growth in economists` lingo) in the GDP is closely scrutinized and two […]

The key to the survival of the planet? A group of countries never seen before.

Published at: 14-05-2019

Posted on: May 14th, 2019 by RaduC No Comments

Human civilization is faced with unprecedented challenges caused by a mixture of economic, demographic and climate-related factors. We would be misguided to imagine that “orthodox” solutions cautiously and slowly applied could actually work. It won`t happen. They will yield no results or if they do, it will be too late. What is required is a […]

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