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Maslow suggests the model of economic comeback

Published at: 30-11-2020

Posted on: November 30th, 2020 by RaduC No Comments

At a time when most are wondering what the post-pandemic recovery would look like, a reasonable answer may be that no specific letter would provide a complete enough answer. Economies are made up of a large array of sectors and exiting the pandemic-induced crisis will have its sector-specific particularities that cannot be ignored. To identify […]

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 […]

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 […]

Is there life after death?

Published at: 18-04-2020

Posted on: April 18th, 2020 by RaduC No Comments

The tens of thousands of views that “The countdown has started!” post has received are for me the measure of impatience and hope with which the public waits for even a partial return to an economically active life, aware that the current situation can only be temporary. It can only be a short-term solution that, […]

The countdown has started!

Published at: 10-04-2020

Posted on: April 10th, 2020 by RaduC No Comments

Do not let appearances deceive you. There is a clock that although not heard is ticking, measuring the time left before the economic collapse occurs. We just cannot stay home on money printed by central banks.  We cannot hold onto our wealth in a country that stopped producing wealth. We cannot go on living off […]

Money’s in the printer, helicopters ready to go

Published at: 05-04-2020

Posted on: April 5th, 2020 by RaduC No Comments

This is not a dictator making a run for it, but the beginning of a new and unprecedented phase of central bank intervention not just in the money market, but also in the real economy. Due to the pandemic, national economies are confronted with an unparalleled situation, where a big chunk of economic activity has […]

Chief Economist: Many economists will call me mad, a traitor of my trade

Published at: 01-03-2020

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

I am talking this week with Valentin Lazea, chief-economist of the National Bank of Romania whose opinions do not involve the liability of his institution. Together I want to look at how much demographic growth, the obsession of governments, is a pre-requisite of economic prosperity. RC: Valentin, thank you for accepting my invitation. I am […]

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 […]

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