It is quite astonishing: Viktor Orbán’s heyday in Hungary began when, following the end of massive currency speculation (carry trades) that had massively overvalued the Hungarian forint, the forint plummeted and left many homeowners who had taken on debt in foreign currencies (Swiss francs or Japanese yen) due to low interest rates in enormous difficulty. Orban promised that the state would absorb a significant portion of the speculative losses – and won.
Corruption
BBC: US airlines used up spare cash buying back shares
Over years we have read how corporations have stopped investing, instead buying back shares to drive up the price of their, thus enriching the rich and the managers. Now they want us to bail them […]
EU-Institutions
Heiner Flassbeck: Misguided monetary policy of the ECB
Thousands of academic and private sector economists are incapable of distinguishing several temporary effects on the rate of price increases from real inflation. Read Here
Geopolitics
The Cradle: Boycotts ‘shake the foundations’ of Israeli academia
Academics describe scientific research as ‘a central engine of economic growth’ for Israel, cautioning that weakening universities could jeopardize long-term economic recovery Read Article HERE Photo licensed under the Creative Commons Attribution-Share Alike 4.0 International […]
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