Inflation in the United States Soaring to it’s highest level in four decades. A lot of great, gifted, economists at the Federal Reserve. No government anymore than anyone of us, likes to take responsibility for bad things. Look, we need to talk about inflation and specifically about why it seems... [Read More]

This was the highly specialised economy of Sri Lanka. It had a thriving textiles industry. It was one of the biggest tire producers in the world. And it was known as a world class tourist destination, with average incomes double that of its neighbours. But now, Sri Lanka’s economy is... [Read More]

It’s easy to forget that, actually, before the pandemic, most central banks struggled to get inflation above this line. But now, following global lockdowns, unprecedented US stimulus and a war in Ukraine, inflation is far FAR above target. It’s at 8.6% in the US, 8.1% in the Eurozone, and a... [Read More]

What you see here is a chart of Russia’s foreign currency earnings in April each year since 2007. Usually, Russia earned around 6.7 Billion U.S. dollars more than it spent. However, last April, the numbers did not collapse… To the contrary, they increased sevenfold. In other words, Russia is now... [Read More]

This gorgeous coin represents one Turkish Lira. Back in 2011, I could use this coin to buy 25 slices of bread in Türkiye. However, the same coin would only get me 6 slices of bread in 2021 (not taking into account gov support). On the other hand, here in Belgium,... [Read More]