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Main central banks laid down their arms

Published at: 19-01-2020

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

In a recent report, the Institute of International Finance estimates that global debt has reached a new record high, 253 trillion dollars by the end of September. The analysis considers that this is debt accumulated mainly by governments and non-financial institutions. The report highlighted the major role that low interest rates played in spurring funding […]

Is Romania on the verge of war?

Published at: 13-01-2020

Posted on: January 13th, 2020 by RaduC No Comments

The recent events in the Middle East that led to an escalation of tensions between the US and Iran had some otherwise respectable analysts jump to rash conclusions about Romania’s possible involvement in the conflict. I am intrigued that these concerns did not emerge when the Romanian military became engaged in war zones, such as […]

Companies without seniors will have to buy them

Published at: 06-01-2020

Posted on: January 6th, 2020 by RaduC No Comments

The dire demographics have us worry about how the world or the country will look like with a more aged population.  I believe that this growing concern mostly explains the success of my “Welcome to the land of the elders “ post where I approached from several angles the paradigm shift that the society and businesses […]

The wrong approach to cancelling special retirement plans

Published at: 22-12-2019

Posted on: December 22nd, 2019 by RaduC No Comments

A good-quality change management requires thorough planning of change, dosage and good communication, assessment of possible sources of resistance and ways to mitigate it and why not, compromise. Excellent ideas may get buried by a massive negative reaction from those affected. At the end of the day, any change involves humans and most humans abhor […]

Populist decisions are pushing borrowing costs up, not S&P

Published at: 13-12-2019

Posted on: December 13th, 2019 by RaduC No Comments

The decision by the rating agency Standard & Poor’s to downgrade Romania’s credit-rating outlook from stable to negative seems to have come as a surprise. I believe that the agency’s explanation was sufficiently clear to exclude any speculations: the large spending deviations of the former government will be difficult to correct by the current government […]

Stranded in the maze of the last crisis

Published at: 06-12-2019

Posted on: December 6th, 2019 by RaduC No Comments

It was a bullet whizzing past us, investors, bankers, employees, employers, consumers, deposit holders and the list could go on. The 2008 crisis, by its complexity, has had a serious and profound impact on financial and economic systems, in the developed economies, in particular but also on the rest of the world by a spillover […]

Happy anniversary Romania! Farewell Bessarabia.

Published at: 01-12-2019

Posted on: December 1st, 2019 by RaduC No Comments

1918 was a watershed moment for Romania and will remain an exceptional year in its history. The stars aligned into a great conjunction that not even the most upbeat dared to dream of. Historian Lucian Boia noticed that the outbreak of World War I confronted Romanian politicians with a huge dilemma: join the Triple Entente […]

Sweep it from under the carpet

Published at: 23-11-2019

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

To rise up and go it alone against the establishment is not an easily made decision. Despite corporate managers and governments urging transparency, ethical behaviour or the flagging of any unfair or outrageous behaviours, the truth is that, more often than not, such calls are mere publicity stunts. On more than one occasion did such […]

Consumers don’t predict, but compound recession

Published at: 17-11-2019

Posted on: November 17th, 2019 by RaduC No Comments

One of the “compelling” arguments that those who refute the danger of the economy slowing down and sliding towards recession put forward is the Romanian consumers` appetite which shows no sign of abating. And why would it while consumer sentiment is still running high as the graph below illustrates. Look harder however, and a gloomier […]

Will Germans become an appendage to Germany?

Published at: 09-11-2019

Posted on: November 9th, 2019 by RaduC No Comments

I repeatedly read the other day an interview by Deutsche Welle with professor Herbert Brucker, researcher on international migration and European integration with the Federal Institute for Employment Research in Nurenberg. He basically argues in favor of immigration to Germany, putting the number of needed immigrants at 400.000 a year. According to his estimations, in 20 […]

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