In the past, there were already recessions in the economy. These were phases of shrinking gross domestic product (GDP) that lasted two, three quarters or a whole year. Rising unemployment and shrinking incomes were practically […]
After the great financial crisis of 2008/2009, everyone was wiser for a moment. Gambling, as we knew after the bad experiences of that time, is dangerous in principle. It is particularly dangerous if you don’t […]
The European Central Bank has apparently decided to force through the restrictive path it embarked on in the summer – even if it becomes clearer every day that it is wrong. Even large institutions built […]
The big danger, which no one wants to write down, is a deep slump in business investment – for machinery and equipment in particular, but also for other fixed items. Read Here Photo credit: Mirkone
Fifty years ago, there was a very special situation in the global economy: There was a major supply shock, oil prices rose, but oil continued to be consumed in almost unchanged quantities, oil producers made […]
Italy voted last Sunday in a way that should deeply frighten all those who still feel a touch of responsibility for Europe in them. But nothing of the sort can be observed in German politics […]
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
Democracy and pluralism are not superior per se. When democracy loses the ability to hold serious discussions on serious issues, it provides a wide open flank for its opponents, who, like Donald Trump, intuitively see […]
Just imagine: A doctor develops an ingenious diagnostic tool that can avoid misdiagnoses in many diseases, but the vast majority of his colleagues don’t want to use it because they think misdiagnoses are just part […]
So that was G-7, the summit par excellence, especially if you believe the media hype in the small countries that were represented there – with the seemingly big ones (you can find the extremely thin […]
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