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The tragedy of missing leadership

Published at: 09-04-2022

Posted on: April 9th, 2022 by RaduC No Comments

The greatest military victories in history would not have been achieved without the leaders of those times. People of sound mind do not willingly sign their death warrant; instead, they protect their lives and avoid evil. So what drove them to sacrifice their lives by the hundreds of thousands in the great battles they fought? […]

Victim or cause for NATO expansion?

Published at: 21-03-2022

Posted on: March 21st, 2022 by RaduC No Comments

Russia’s current reaction is justified by NATO’s aggressive expansion eastward. This is the theory that sparks heated debates, both among experts and the general public. Although I think it should be abundantly clear to everyone that no explanation, however elaborate, can justify the death and suffering of so many millions of innocent people. Their death […]

Don’t run away, just walk!

Published at: 12-03-2022

Posted on: March 12th, 2022 by RaduC No Comments

Fleeing or rapidly moving away from danger is a response deeply imprinted in the animal subconscious as a way to ensure the survival. In any species of any size, sensing an imminent life-threatening danger triggers automatic, instinctive responses that cause the individual to quickly turn away from the peril. For tens of thousands of years, […]

Pathetic Europe

Published at: 26-02-2022

Posted on: February 26th, 2022 by RaduC No Comments

How pathetic can you be to expect the USA to find you alternative gas sources after stubbornly making sure to hand yourself on a silver platter to Gazprom? How pathetic can you be to hold dozens of high-level meetings to agree on a common position prior to the invasion of Ukraine, to declare you have […]

Paying the price for the loss of central bank independence

Published at: 13-02-2022

Posted on: February 13th, 2022 by RaduC No Comments

In the US, in the UK, in the eurozone, in the EU, the inflation surpasses even the worst-case scenarios. The reasons behind it are presented as “exogenous”, namely they are somehow extrinsic, beyond the central banks’ control. But are they truly exogenous only? And are central banks truly firefighters to the rescue or are they […]

Failing to avert global warming – uncomfortable truths

Published at: 07-12-2021

Posted on: December 7th, 2021 by RaduC No Comments

More often than not, economic crises are the product of excesses: prolonged periods of low interest rates despite the overheating economy, exchange rates that do not mirror the economic competitiveness of the issuing country, excessive indebtedness resulting in default, budget deficits that run too high or excessive increases in public sector wages. Under such circumstances, […]

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 […]

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