Sta Hungry Stay Foolish

Stay Hungry. Stay Foolish.

A blog by Leon Oudejans
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Inflation

The reverse currency wars have begun (Axios Macro)

Axios Macro: The reverse currency wars have begun By: Neil Irwin Date: 21 June 2022 "In the early 2010s, there was lots of talk about "currency wars" — the claim that major world central banks were in a race to the bottom with interest rates, competitively devaluing their nations' currencies to try to seize an economic advantage. Now, that has been turned on...

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Why do we have labour shortages?

Recently, someone said to me - jokingly - that I am an example why we have labour shortages. Indeed, one could argue that I could work and that I do not work. However, my (post 2013 burnout) situation is already lasting for nearly 10 years. The post-Covid-19 situation is only since 2022. Where did all workers go? Clearly, the 2020-2022 Covid-19 fatalities do not...

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Western Europe’s cynicism about Ukrainian suffering (FT)

Introduction LO: Simon Kuper is a great writer and he proves it again, below. This must-read article should make you think (again) about the various European and the American position(s) in this war between Russia and Ukraine. Yesterday, the EU announced its backing of the EU candidate status of Ukraine (and Moldova ! ). Its “assessment [is] based on the...

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Fiscal Policy Is Way to Deal With Divergence, ECB’s De Cos Says (Bloomberg)

Introduction LO: Lowering the Value-Added Tax (in Dutch: BTW) indeed seems a much better way to combat inflation than raising interest levels. Some countries have already lowered their VAT (eg, on energy). Some companies are now increasing the wages for their lowest-paid employees (only) because they are hurt most by high inflation (eg, Investopedia, NOS, SHRM). The...

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Democracy might be in crisis. But Autocracy certainly is (FT)

Financial Times title: Democracy might be in crisis. But Autocracy certainly is FT subtitle: From the 2008 crisis on, authoritarians were praised for their ‘efficiency’. Their troubles dwarf ours By: Simon Kuper Date: 12 May 2022 “Crisis of democracy” is a cliché of our time. But what about the even more consequential crisis of autocracy? Just watch the meltdowns in...

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Society’s farewell to the best & brightest

All over the world, former politicians are being handed jobs by current politicians at semi-public organizations. In my view, this explains why the European Central Bank is not following the Fed on interest levels. As a consequence, the euro is near historic lows compared to the US$. Now, we are even importing inflation. Amsterdam Airport is an important airline hub...

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