There is the possibility of a doom loop between small US banks and commercial real estate. The scenario looks like this Continue reading “Small US Banks and Commercial Real Estate—A Doom Loop? By Les Nemethy, CEO, Euro-Phoenix M&A Advisors, former World Banker“

US Government debt has already surpassed the legislated debt ceiling of $31.4 trillion, with the Treasury relying on “extraordinary measures” to stave off default. Continue reading “US Government Default?! By Les Nemethy, CEO, Euro-Phoenix M&A Advisors, former World Banker“

I have been writing that we are facing a period of high inflation since long before it was fashionable. Now I believe that on the balance of probability we face an entire decade of high inflation. Continue reading “Some Thoughts on Inflation By Les Nemethy, CEO, Euro-Phoenix M&A Advisors, Former World Banker“

Most readers of this column will have heard of bail-outs (e.g. use of government money to stabilize banks and other financial institutions); few will have heard of bail-ins (e.g. where use depositors’ and bondholders’ funds) is used to stabilize banks. Continue reading “Bail-ins: Are your Bank Deposits Safe? By Les Nemethy, CEO Euro-Phoenix M&A Advisors, former World Banker and Leo Rioufrays“

With the attention of economists and financial analysts absorbed by the banking crisis, other clouds on the horizon are being neglected. I see sovereign default in emerging markets as one of those risks. Continue reading “Pakistan Sovereign Default on the Horizon? By Les Nemethy, CEO, Euro-Phoenix M&A Advisors, former World Banker“

For the past six months, the US Fed has been fighting inflation by jacking up interest rates and tightening money supply to fight inflation. Continue reading “The Fed will prioritize financial stability over the fight against inflation By Les Nemethy, CEO, Euro-Phoenix M&A Advisors, former World Banker“

Allow me to start with two thoughts.

First, there was once an economist called Thomas Malthus who projected that population would continue increasing, while resources were finite, hence humanity was doomed to famine and pestilence. Continue reading “Technology as a Driver of Economic Growth By Les Nemethy, CEO Euro-Phoenix M&A Advisors, former World Banker“

I will start by stating my conclusion: yes, Central Bank Digital Currencies (CBDCs) are one of the greatest threats to personal freedom today, perhaps even the greatest. Continue reading “Central Bank Digital Currencies—One of the greatest Threats to Freedom? By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker“

More and more signs point to a new major Russian initiative to take Ukraine in the spring, including a possible attack on Kiev. Continue reading “How the Battle for Ukraine may change Europe By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker“

The conventional definition of World War is that it involves the participation of multiple major powers in a global conflict. Yet one increasingly hears that the Ukrainian Wars signals the outbreak of World War III. Continue reading “Is Ukraine War the Beginning of World War III? By Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker“

There is an old joke that the role of economic forecasters is to make astrologers look good. Forecasting GDP or inflation for the upcoming year with any degree of accuracy is virtually impossible Continue reading “Key Economic and Financial Drivers to Watch in 2023 By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker“

The last time I wrote about the case for gold was in April 2021. At the time gold was in the range of USD 1700, and as of December 10, 2022, it now approaches USD 1800. Continue reading “The Case for Gold Today—Again By Les Nemethy, CEO Euro-Phoenix Financial Advisors, former World Banker“

We have had such low interest rates over the past decade (until recently) — partly because new capital formation has been plentiful. Continue reading “Are we entering an Era of Capital Shortage? By Les Nemethy, CEO Euro-Phoenix Financial Advisers Ltd., former World Banker“

Prices are important economic signals. High prices—whether for energy foodstuffs, etc., are signals to the world to (a) supply more; (b) substitute; or (c) conserve. Continue reading “The Cure for High Prices is—High Prices By: Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker“

The question in the title is perhaps a strange one to ask at a time when these two countries seem so powerful and aggressive, the former attacking Ukraine, the latter threatening to take Taiwan. Continue reading “Are we now seeing Peak Russia and Peak China? By Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker“