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Will emerging markets be the source of the next crisis?

Published at: 28-11-2021

Posted on: November 28th, 2021 by RaduC No Comments

After a long period of “blue sky” when any sign of a dark cloud was removed by the extremely low central bank interest rates and by investors’ frantic exhilaration (irrational, some would venture to say), emerging markets have started to become a serious cause for concern. Firstly, the overall macroeconomic landscape is about to turn […]

Cryptocurrencies – four points to ponder

Published at: 24-10-2021

Posted on: October 24th, 2021 by RaduC No Comments

A recent interview given to the journalist George Buhnici touched among other things upon the cryptocurrency issue. The explanations that I provided of why cryptocurrencies are in fact speculative cryptoassets that anyone can invest in as long as they know what they are doing triggered a wave of criticism from the crypto apostles who watched the […]

Moody’s tells us on whom should we pin our hopes

Published at: 17-10-2021

Posted on: October 17th, 2021 by RaduC No Comments

Following decisions expected with some concern, Standard&Poor’s and Moody’s rating agencies have reaffirmed Romania’s rating. The concern was coming from the fact that a lower rating would have downgraded us to the non-investment grade category (junk). Such a label would have made financing the government deficit both more challenging and expensive and would have significantly […]

The gift Gazprom received

Published at: 12-09-2021

Posted on: September 12th, 2021 by RaduC No Comments

The gas market crisis in Romania, despite the existing reserves in the Black Sea, makes us wonder if the situation was avoidable and how quickly it will be resolved. In order to shed light on these issues, I invited this week Mr. Dumitru Chisalita, university professor, president of the Smart Energy Association, oil and gas […]

Will America betray its allies?

Published at: 28-08-2021

Posted on: August 28th, 2021 by RaduC No Comments

Much has already been said and much ink has been spilled about the rushed and poorly planned American pullout from Afghanistan. And rightly so. There is a large consensus that the withdrawal could have been gradual, better organized and more mindful of all those who have supported NATO forces all these 20 years. Unfortunately, though, […]

The genie is about to get out of the bottle…again

Published at: 15-08-2021

Posted on: August 15th, 2021 by RaduC No Comments

One theory tried to explain the 2008 financial crisis by referring back to the end of the cold war. The new geopolitical development meant lower defense spending and, consequently, fewer contracts between the defence industry and the US government. As a result, aeronautics experts, such as mathematicians, physicists, highly qualified engineers had to leave their […]

How short will the memory of Capital be?

Published at: 23-07-2021

Posted on: July 23rd, 2021 by RaduC No Comments

(R*) 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 […]

In the eye of the storm

Published at: 20-06-2021

Posted on: June 20th, 2021 by RaduC No Comments

We are increasingly convinced that we have left the pandemic behind. What was worse is now behind us and returning to normal life is just a matter of time. We are so convinced, that willingness to vaccinate is going down in most countries which until recently had massive vaccination rollouts. Romania is no exception, but […]

The misleading calm arising from taboo questions

Published at: 16-05-2021

Posted on: May 16th, 2021 by RaduC No Comments

Europe was taken aback by a recent letter signed by 1,000 French military, including some 20 generals, retired or on active duty. Another one followed, this time anonymous. Though for some the warnings of a possible civil war in France or the references to ‚the hordes of the banlieue’ of a certain religion may seem […]

The flimsy campaign for crypto continues

Published at: 09-05-2021

Posted on: May 9th, 2021 by RaduC No Comments

A few weeks ago I was asking a rhetorical question: What interests inflate the price of Bitcoin ?, in a post that followed another one entitled Is Tesla’s investment in Bitcoin a smokescreen? Both noted that high-profile businessmen and businesses and more recently respectable financial institutions seem to go out of their way to campaign for investing […]

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