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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 […]

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 […]

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 […]

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