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Out with the Old: President Biden Sets to Work, COVID Top Priority
Freshly installed in the Oval Office, the 46th president of the United States immediately set to work reversing a slew of his predecessor’s orders and decisions. In a matter of minutes, Joe Biden’s first acts renewed the country’s membership of
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Double Dip Recession in the Making, UK Expected to Emerge First
The Deutsche Bundesbank expects a double dip recession. Analysing non-traditional indicators such as Google Map traffic data and air and water pollution, the German central bank detected a significant retreat of last week’s economic activity index. Consumer confidence is also
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Europe Drifts Away as its US Bogeyman Prepares to Leave
Tired of dancing to an American tune, the European Commission is ready to challenge the global supremacy of the US dollar. Next week, the commission will likely adopt a policy paper aiming to strengthen the euro by lessening the continent’s
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Bitcoin: A Fatal Lapse of Memory
Stephan Thomas is a rich man. Recently, the value of his assets ballooned to a staggering $260 million. There is, however, a hitch: Thomas owns 7,002 bitcoins but cannot access his digital wallet. He lost the password and after eight
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The Sudden Fall and Coming Resuscitation of Reaganomics
Trickle-down economics was counted amongst the first fatalities of the corona pandemic. The belief that government interference with the functioning of the free market is evil by design hastily gave way in early March as the ‘Wuhan virus’ revealed its
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Whilst Trade Talks Falter, Brits Celebrate Vaccine First
Mind the paradox. Thanks to EU law, the UK has become the first country to certify for clinical use the coronavirus vaccine developed jointly by US biopharmaceutical company Pfizer and its German partner BioNTech. Under the provisions of the 2012
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Stock Markets Celebrate Whilst Real Economy Mourns
Stock markets celebrate, ending November on record highs as cash poured into equities to deliver an early Christmas to investors. The Nikkei enjoyed its best month since 1990 with a gain of 16.7% only to be bested by Italy’s FTSE
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EY: Threats and Opportunities in a Post-Covid-19 Economic Context
A statement currently circulating on social media warns that “it is strange that certain world economies easily collapse when consumers buy only what they need”. Statements like this often contain some degree of truth. The social isolation linked to the
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UK Struggles with Economic Illiteracy as Crisis Worsens
Britons’ grasp of basic economics is tenuous at best and more likely than not, virtually inexistent. A report commissioned by the Office of National Statistics (ONS) found that most people in the UK lack the ability to assess economic performance
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Orban on Orbán: Cease and Desist, Your Position Is Untenable
Europe’s other ‘Orban’ sounds much more reasonable than the vociferous original one. Prime Minister Ludovic Orban of Romania yesterday chastised his Hungarian namesake for refusing to respect the founding principles of the European Union: “Saying that you don’t agree to
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