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“

In 1994, James Carville, a Clinton advisor, stated he’d like to be reincarnated as the bond market, because “you can intimidate everybody” Continue reading “The UK Gilts Crisis: A Harbinger of Things to Come? By Les Nemethy, CEO Euro-Phoenix Financial Advisors, former World Banker“

According to historian Adam Tooze, we are currently potentially facing a “polycrisis”: a number of smaller to medium-sized crises in the world that have the potential to combine and reinforce each other. Continue reading “Is the World heading towards “Polycrisis”? By Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker“

Psychologists say that the human brain suffers from dozens of different biases, perhaps one of the most important of these being “recency bias”. We tend to project the past into the future. Continue reading “The Dawn of a New Era: More expensive Energy and Wages? By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker“

While there are short-term fluctuations in interest rates caused by economic circumstances and central bank policies, there are also long-term structural trends affecting interest rates. This article will look in greater detail and one of the most important of these, namely demographics. Continue reading “Demographics and Cost of Capital By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd, former World Banker and Margaux Plassard, Intern“

Many believe that demographics is at most remotely related to economics. If you are one of these, perhaps by the time you finish reading this article, you will be convinced how fundamentally demographics underpins economics. Continue reading “Demographics and GDP By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd, former World Banker“

In my opinion, the macro environment is riskier than before the Dotcom Bubble and before the Great Financial Bubble. Why? A nasty cocktail of factors which may reinforce each other Continue reading “The Riskiest Macroeconomic Environment of the 21st Century! By Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker“