Onwards To Stagflation

Published by Philippe Herlin | Dec 9, 2021 | 16630

The Danish bank, Saxo Bank, has become famous for publishing every year a series of ten "outrageous predictions" that are supposed to profoundly change our societies in the coming year. The exercise is difficult and these predictions rarely come true. But they have the merit of pointing out problems...

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Inflation: How The Cantillon Effect Is Ruining Us

Published by Philippe Herlin | Nov 11, 2021 | 18424

The mass distribution is planning a price increase in food, reports Le Figaro. Michel-Edouard Leclerc, president of the hypermarket group of the same name, expects "a hell of a price increase this month". This should not come as a surprise. This was foreseen by one of the few economic theories that...

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Evergrande, the "Chinese Lehman Brothers"?

Published by Philippe Herlin | Sep 16, 2021 | 20198

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...

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Alert: Real Interest Rate Collapses

Published by Philippe Herlin | Sep 2, 2021 | 32817

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 savin...

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Gold Yields At Least 8% Per Year: Who Can Beat That?

Published by Philippe Herlin | Jun 24, 2021 | 22104

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 inves...

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Goodbye Economic Growth, Now It's Over

Published by Philippe Herlin | Mar 18, 2021 | 33818

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 defi...

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Central Bank Digital Currencies: The Trap

Published by Philippe Herlin | Dec 10, 2020 | 41889

CBDCs are part of a plan to eliminate cash: make it useless and then ban it. And when all our money exists in digital form, we will no longer be able to escape a negative rate of -0.5%, -1%, etc. (who knows where it will end), which will erode our savings.

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