Many economists are of the opinion that the US Fed has had a pretty abysmal track record in forecasting inflation during past years. Continue reading “Is the US Fed playing with the wrong levers? By Les Nemethy, CEO Euro-Phoenix Financial Advisors, former World Banker“

Over the past month, I have travelled within North America and Western Europe, met quite a few people, including senior bankers, and have been generally surprised by the feeling of ‘business as usual’. Continue reading “The world continues to hurtle along towards recession and possibly even financial crisis By: Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker“

According to Bloomberg, the current decline in Nasdaq market cap has exceeded that of any recent crisis: Continue reading “Where are US markets? Where are they heading? By Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker“

We have all heard the adage that a butterfly flapping its wings in the Amazon could affect the weather patterns on the other side of the planet. May the war in Ukraine also have such unintended consequences? Continue reading “How may the War in Ukraine affect Emerging Markets? By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker“

Monetary climate change (to borrow a phrase from author and columnist Ron Stoeferle) is happening far faster than environmental climate change. Continue reading “Prepare for Monetary Climate Change By: Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker“

The recent sanctions against Russia catalyzed a sudden fall of the Ruble from 81 Rubles to the Dollar to 150 Rubles to the Dollar. Continue reading “From Rubble to PetroRuble: towards the Birth of a new Monetary Order? By Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker“

There are three crises brewing in the world today: An energy crisis is taking shape, caused by poor transition planning from fossil fuels to alternative energies Continue reading “Will US Sanctions on Russia weaken the US Dollar as World Reserve Currency? By Les Nemethy, Euro-Phoenix Financial Advisors Ltd., former World Banker“

Despite the world experiencing a humanitarian crisis and approaching Armageddon, some observers are focusing on how much damage sanctions have caused to Russia Continue reading “How may the Ukrainian Invasion economically impact Western Economies? By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd, former World Banker“

According to macro analyst Octavio Costa, the United States (and for that matter most of the world) are facing three macro extremes simultaneously Continue reading “Inflation and Democracy By Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., former World Banker“

It is an often unappreciated fact that Europe escaped the 1929 depression that began in the US, until the 1931 collapse of Creditanstalt, a large Austrian bank, which unleashed the full brunt of the depression Europe. Continue reading “The Fragility of the European Banking System by Les Nemethy, CEO of Euro-Phoenix Financial Advisors Ltd., former World Banker“

The US Fed has not increased interest rates, just talked of increasing rates—not even by that much—and global stock exchanges lost $4.2 trillion in week. Continue reading “Is Monetary Tightening the Cure for Inflation? By Les Nemethy, CEO of Euro-Phoenix Financial Advisors Ltd. and former World Banker“

In my experience, most owners, CEO’s and boards of companies are highly concerned with improving operations, but Continue reading “The Importance of Capital Allocation By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker“

When Apollo 13 was re-entering earth’s atmosphere, with a re-entry angle of less than 5.2 degrees, the craft would have bounced off the atmosphere into space. Continue reading “Can the Fed Engineer a Soft Landing? By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker“

The recent global economic scene today may be characterized by two related phenomena: first, an “everything boom” Continue reading “Economic Vulnerability of Central European Economies By Les Nemethy, CEO, Euro-Phoenix Financial Advisors Ltd., Former World Banker“

Much has been written about how bitcoin has taken luster and marketshare from gold over the past decade. Continue reading “Is Bitcoin the New Gold? By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd, former World Banker“