The cost of resurgent inflation is high

Societies around the world as well as the economic staffs of governments must be prepared for the possibility of revivals on the inflation front. Inflation, after reaching its highest level in decades in mid-2022, in the United States and the euro zone, fell sharply in the second half of last year. But in December, the …

Interest rate cuts will send Corporate debt into “junk” bonds

The announced interest rate cuts by the Federal Reserve will lead to lower yields on junk bonds. In other words, for a company with a very low credit rating, it will lead its debt to the category of “junk” bonds. The question is whether investors will be willing to take on the greater risk of …

Why will Money remain Expensive for Decades?

What is the most important price in the world economy? That of an oil barrel? A microchip? Or maybe a Big Mac? More important than any other is the price of money. For more than three decades, it was falling. Now it’s going up. Forces that were driving the price of money lower have reversed …

Light Painkiller the interest rate cut, loop the over-indebtedness

While the Federal Reserve and European Central Bank’s message on rate cuts appears clear as they reiterate their commitment to reducing inflation, the market expects between five and six rate cuts, between 125 and 150 basis points , the next twelve months. This shows us the tendency of investors to overlook bubbles. We live in …

The Challenges that the US Economy will face in 2024

US economic data show fiscal derailment as debt servicing costs rise, which will cast doubt on US geopolitical commitments to Ukraine and Israel, but also set the stage for tax hikes and deflation pressure on stock prices. This highlights that in 2024 the focus will not be on the question of rising interest rates – …

Good Luck Argentina: A Promising Liberal Experiment Begins

Argentina is perhaps the only example of a country that, while it was among the 10 richest at the beginning of the 20th century, was driven into poverty by the populist state diet economic model of the Peronists. A country rich in natural resources followed a failed development model based on industrialization behind a wall …

What does the dollarization of Argentina’s economy mean?

Argentina’s economic quagmire was the focus of the country’s November 19 presidential election. And the citizens have decided that they want… radical solutions. That’s why they nominated Javier Millay as the new president, who appeared several times with a… chainsaw. He promised to put a… “chainsaw” on public spending, in Latin America’s 3rd largest economy, …

The Modern American Economic Supremacy

Cessation of interest rate increases by the central banks of America and Europe at different heights, 4% in the Eurozone and 5.25-5.50% in the US, but also, above all, in a different situation regarding the pace of economic activity. It is perhaps something that not many have commented on, although of course the conditions are …

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