The Oligarch Model in Hungary By Les Nemethy, CEO Euro-Phoenix M&A Advisors, former World Banker
Hungary is not following a state capitalism model. It is not the state itself that owns most strategic assets, but businessmen close to the party in power, Fidesz.
Inflation, Deficits and Compounding Debt By Les Nemethy, CEO Euro-Phoenix M&A Advisors Ltd., former World Banker
At the IMF Annual Research Conference on November 9, 2023, Chair Powell stated: “The Federal Open Market Committee is committed to achieving a stance of monetary policy that is sufficiently restrictive to bring inflation down to 2% over time; we are not confident that we have achieved such a stance.”
Is the Global Economy reaching a Tipping Point? By Les Nemethy, CEO Euro-Phoenix Financial Advisors Ltd., former World Banker
The US economy is powering forward with almost 5% GDP growth as per the last measured quarter. Global GDP growth is in the range of 3%.