Tag Archives: global economic crisis

Part I of II The recent turmoil that has roiled the global banking sector has placed central bankers in an impossible position: Cut rates and avert a domino-style disaster in the industry and a possible deep and prolonged recession in the wider economy or stay the hiking course to combat the still untamed inflationary pressures? Arguably the great losers in both cases will be the taxpayers and the average working household.  The recent turmoil in the banking sector, both in the...

Interview with Theodore Deden There might be a lot of conflicting opinions and disagreement these days about the right way to get out of this current crisis and to rebuild our economy and our society. One the very few things we can all agree on, however, is that the challenges and the disruptions we’re faced with today are simply unprecedented. There is no blueprint, no known formula for this kind of scenario.  And yet, while the triggers of this crisis might be very different...

Gold’s stellar performance throughout the pandemic and especially over the last weeks has managed to capture international headlines and dominate expert analyses and commentary. The media frenzy quickly intensified once the precious metal first broke the $2,000 ceiling in early August, a record that was widely covered by mainstream outlets, bringing gold to the attention of the wider public. So far, the rally been described as “exceptional”, “historic” and “extraordinary”, showing...