Market

gold bar image

Strong growth in global investment demand for gold in Q3

29/10/2020(0)
Global gold demand dropped by 19% y-o-y to 892t in Q3, as consumers continued to feel the impact of the COVID-19 pandemic. This was the lowest quarterly total since ... Read More
euro currency

The destruction of the euro

26/10/2020(0)
  The Eurozone is bust. The deterioration of TARGET2 imbalances have been hardly noticed, but in recent months it has been alarming. Despite official denials over the years that ... Read More
Flames emerge from a pipeline at the oil fields in Basra, southeast of Baghdad

Deliveries of oil products resuming slowly

22/10/2020(0)
EU countries gradually and partially lifted Covid-19 containment measures between May and August. As restrictions on air traffic and the movement of people relaxed, the use of common transport ... Read More
brexit

EU Leaders Say the UK Needs to Make some movements towards the agreement, while the pound is falling sharply

20/10/2020(0)
  The pound fell sharply against the dollar. EU leaders did not work intensively with the UK to reach a trade deal. They are required from Britain to make ... Read More
inflation image

The emerging evidence of hyperinflation

15/10/2020(0)
  Note: all references to inflation are of the quantity of money and not to the effect on prices unless otherwise indicated. In last week’s article I showed why ... Read More
gold bar image

Gold prices were little changed on Monday; Silver price rose

05/10/2020(0)
Gold prices were little changed on Monday, as investors sought more clarity on developments in U.S. President Donald Trump’s health after he tested positive for COVID-19 last week. Spot ... Read More
unemployment

Euro area unemployment at 8.1%

02/10/2020(0)
In August 2020, the euro area seasonally-adjusted unemployment rate has continued to rise for 5 consecutive months, reaching 8.1%. The same trend has applied to the EU unemployment rate ... Read More
Economy

The Four D’s that define the future

28/09/2020(0)
  When the money runs out or loses its purchasing power, all sorts of complexity that were previously viewed as essential crumble to dust. Four D’s will define 2020-2025: ... Read More
inflation image

Lessons on inflation from the past

25/09/2020(0)
  This article examines two inflationary experiences in the past in an attempt to predict the likely outcome of today’s monetary policies. The German hyperinflation of 1923 demonstrated that ... Read More
USA-China

China is killing the dollar

23/09/2020(0)
  In the wake of the Fed’s promise of 23 March to print money without limit in order to rescue the covid-stricken US economy, China changed its policy of ... Read More
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