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Eurocrisis: Minsky is alive (but he is not living in Belgium)
Europe is illustrating my favorite Albert Einstein quote “We can't solve problems by using the same kind of thinking we used when we created them .” We are approaching the 21st of July, which will be an important day, as EU leaders will gather to "solve" the crisis.The EU perfect stormThe crisis in the eurozone ...
China-Forest
China is slowing down. How much we do not know. Macro-economic numbers are not always reliable, but China makes a league of its own. Official growth numbers were still around 10% in Q1 2011, but they were probably closer to 6%. A story you might have missed, is the Canadian-Chinese version of Madoff. A company named ...
Nerdnet.be and other stories : TwunchQ
A Twunhc, is a lunch presentation organized via Twitter. A bit like a "flash mob" of nerds. It was organized by the Belgian (demissionary-for-the-foreseeable-future) Minister of Economic Affairs. Below you can find some backrground readings (the McKinsey report is a bit stubborn, not yet uploaded), all the others can be found below.
Trust vital in the networked economy
Consulting firms Boston Consulting Group and McKinsey both launched indicators measuring the internet-intensity of developed economies. In a "Freakonomics"-kind of spirit, we squared the result with a key element for the networked economy : trust. The OECD has developed statistics to measure the level of trust that people have in ...
Financial Crash Investigation
Central banks, Ministers of Finance, Regulators, CEO's from banks, and everybody working in the financial industry should watch "Air Crash Investigation" on National Geographic Channel. They show how the financial industry should learn and deal with every accident, even the smallest ones.Watching television is not really my ...
Sympathy with Greece is mostly misplaced
My Sunday readings included i.a. The New York Times, John Mauldin, The Daily Mail, and a lot of statistics by Eurostat, IMF and OECD. All the facts and hard data on Greece point to a country where citizens cheat their government, and where the government has been cheating Europe. John Mauldin , the ...
The growth obsession
Too often I hear that growth is the solution to the economic and financial crisis. Sound economic growth is certainly a major constituent, but not the single most important factor of a rebalancing and improvement of the global economy. First and foremost, we should acknowledge that imbalanced, unhealthy and unsustainable growth has ...
Bring back the "haruspex" please
The IMF and OECD remain quite confident that the world economy is just undergoing a soft patch. (Bank) economists have been issuing buy-recommendations on equities, corporate and high yield bonds, Greek debt and the new Coldplay-CD. The latter is a good reference point, because just like some recent Coldplay-songs, we have a ...
Gold replaces AAA
The problems with Greece are not an isolated case. Solving the Greek crisis without a reflection on a long chain of monetary and economic errors would be a complete waste of money. Our political leaders should look far beyond the Greek problems and evaluate their economic and financial policies over a period as long as ...
Wat heeft de EU voor ons gedaan ?
Andere tijd, ander decor en andere politieke leiders,... zelfde discussie. Het zou in Griekenland kunnen zijn, of in Spanje, of in België... wat heeft de EU ons bijgebracht ?
Rood licht: 2011 voelt aan als 2008
De voorzitter van de Europese centrale bank (ECB), Jean-Claude Trichet, heeft gezegd dat het licht op rood staat: "On a personal basis I would say it is red," Trichet told reporters when asked what color the European Systemic Risk Board's traffic light warning system was displaying in relation to the debt turmoil.Trichet had net de ...
Greece: saving the Summer season but not the economy
Yesterday's narrow confidence vote is a first step for Greece to let the austerity plan approve by the Greek Parliament. In our view, Greece and Europe were faced with a catastrophy: a Greek default in the midst of the Summer, and worse the midst of the Greek touristic season. Such a disaster can still happen. The EU needed however ...
Dood Osama, boost Obama ?
"We've got him". Dat was de kreet op 13 december 2003, toen Amerikaanse troepen Saddam Hoessein arresteerden in Irak. Op 2 mei 2011 zou dezelfde uitspraak kunnen klinken in de VS. Osama bin Laden werd neergekogeld bij zijn arrestatie, de Al Qaida leider werd 54 jaar oud. Dit is een opsteker voor de VS en in het bijzonder voor ...
Draghi zoals Riccardo Ricco
Uit Knack:U twitterde: ‘Beseffen ze bij de ECB dat het een fout signaal is om Mario Draghi te benoemen tot directeur?’ Waarom? Noels: "Mario Draghi is zo kort na de financiële crisis niet de figuur die breekt met het verleden. Hij had een vooraanstaande functie bij investeringsbank Goldman Sachs in de periode toen de crisis ...
Apple versus PC
Ooit was Apple het kleine broertje van de PC. De speelse kleine concurrent, die niet echt voor serieuze gebruikers was. Later was het serieus genoeg voor mensen in de mediasector, maar ook niet meer dan dat. Vandaag is Apple de creatieve duizendpoot, die een aantal activiteiten grondig heeft veranderd. De bovenstaande infografiek ...
3 vragen over Griekenland
1. Is een Griekse schuldherschikking onvermijdelijk ? 'Een of andere aanpassing van de terugbetalingsmodaliteiten van de Griekse schuld is niet te vermijden. Voorbeelden daarvan zijn een verlenging van de looptijd, het overslaan of kapitaliseren van een rentebetaling, het nemen van een 'haircut' (bijvoorbeeld aanvaarden ...















