When Europeans talk about “the crazy year”, many will remember 1848 from history lessons. And indeed it was a turbulent year with new ideas and revolutions spreading across the continent like wildfire. But if the second half of 2020 turns out to be even remotely similar to the first half, it’s possible that 2020 will become our new “global crazy year”. If not in the history books, then at least in the minds of our generation.
Read MoreWhat’s Next? Helicopter Money?
Our Central Bank (ECB) has officially entered the Twilight Zone. The actions announced on Thursday (March 10th, 2016) were unprecedented. Not even Japan has gone this far before. The confusion and disbelief among journalists in the press conference was palpable.
Read MoreItaly will never go cashless, unless cash is banned
In Italy cash is king and I mean real physical paper money and metal coins. This is not just my observation – European statistics show that cash is more important only in Romania and Greece.
Read MoreNIRP. A Disgusting Four-Letter Word
ZIRP and NIRP. Not so long ago they were just economic theories treated with curiosity and disbelief. Now they are reality. The words are acronyms for Zero and Negative Interest Rate Policies. NIRP is the ultimate manifestation of stupidity in the global financial system.
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