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Finance Ministry thanks the Central Bank

Published at: 24-01-2021

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

The Finance Ministry thanked the Central Bank for its policy to devalue the RON, the national currency. “The Central Bank, as an independent institution sets its own policies, but a weaker RON will definitely have a positive impact on our country’s exports” stated the Finance Ministry official. What impression would this statement leave on you? […]

Inflation is undervalued

Published at: 17-01-2021

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

The latest inflation reports made newspapers say “The crisis has brought inflation to almost the best rate for the Romanian economy”, and analysts note that “The annual consumer price dynamics slowed down from 2.14% in November to 2.06% in December, the lowest since September 2017”. Indeed, the crisis, due to rock-bottom consumer spending, has taken […]

Central banks are betraying the cause. Why?

Published at: 27-12-2020

Posted on: December 27th, 2020 by RaduC No Comments

Central banks seem more and more inclined to reinvent the role they play in the economy. Their boldness is a result of the fact that, faced with the dramatic turn of events during the 2008 crisis they shattered all taboos which has failed to generate the negative impact foreseen by the economic theory. That only […]

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 […]

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 […]

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