Philippe Herlin  Finance Researcher / Doctor in Economics

   

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Lebanon Crisis: The IMF Knew In 2016 That The Banking System Would Collapse
Published by Philippe Herlin | Oct 14, 2021 | Articles 9005

The Swiss newspaper Le Temps published on October 6 an exclusive piece of information that did not get the coverage it deserved: the International Monetary Fund (IMF) knew as early as 2016 that the Lebanese banking system was going to collapse, but the central bank and its governor, Riad Salamé, had the fourteen pages of the report that anticipated the disaster deleted.

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Evergrande, the "Chinese Lehman Brothers"?
Published by Philippe Herlin | Sep 16, 2021 | Articles 14359

Evergrande, China's largest property developer, directly employs 200,000 people and indirectly employs 3.8 million people. Problem: the group is bankrupt and announced on September 14 that it is facing a risk of default. Evergrande is crushed by liabilities of nearly 260 billion euros, while it has yet to complete 1.4 million homes with a total value of 170 billion euros.

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Alert: Real Interest Rate Collapses
Published by Philippe Herlin | Sep 2, 2021 | Articles 26210

Central banks are stuck and condemned to see the value of their currencies deteriorate, hoping that inflation will be "temporary". So this situation will continue and get stronger, maybe one day we will reach the -10% real interest rate, as in my fiction (i.e. a division by two of the value of savings in only seven years). But the monetary and financial system will probably have exploded before then.

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Gold Yields At Least 8% Per Year: Who Can Beat That?
Published by Philippe Herlin | Jun 24, 2021 | Articles 17100

We note an average gold's performance of +8.17% per year, then +8.69% per year over the last twenty years. No liquid asset has performed this well over such a long period. It is reported that an investment offering an annual return of +7.18% can double its capital in ten years. Therefore, gold investors have, on average, doubled their investment every ten years for half a century!

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Inflation Is Not Coming Back, It Has Been There For Twenty Years!
Published by Philippe Herlin | May 27, 2021 | Articles 18420

Money printing causes prices to rise, that's how it is, and the central banks' printing presses have been active since the beginning of the 2000s (interest rates fell following the crash of Internet stocks in 2000 and then the attacks of September 11, 2001). It was reinforced with the subprime crisis of 2008, before reaching delirious levels since the Covid pandemic and the lockdowns.

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Goodbye Economic Growth, Now It's Over
Published by Philippe Herlin | Mar 18, 2021 | Articles 31071

The European Central Bank's printing press is the only thing left to provide glitter, cheap illusions, stock market and real estate bubbles that will turn heads but will only last a short time. An ECB that will also hold at arm's length a banking sector burdened with bad debts... Our economy is definitely confined.

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The Invisible but Very Real Tax of the Money Printing Press
Published by Philippe Herlin | Dec 23, 2020 | Articles 41174

Gold, for its part, has an unrivalled track record in this category, it is simply number one. This is the best way to "flee" from money without going to an asset in a bubble situation, and thus risking collapse. It remains by far the best way to preserve the purchasing power of capital in the long term, and to escape the "invisible tax" that weighs on all savers.

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