Christine Lagarde has, for whatever reason, decided not to serve out her full term, but to step down at the start of next year. It is also completely irrelevant whether and when she leaves. She was the most insignificant central bank governor one could imagine. …
On 19 November 2023, Javier Milei won the run-off election for the Argentine presidency. On 10 December 2023, he was officially sworn in as President. Now, three years on, it is time to take stock. This assessment is straightforward, as there are now so many facts and figures available that one can largely refrain from making judgements. …
The French crisis, which is currently erupting in violent protests, has deep roots. However, one need not go back as far as the time of the Great Revolution to understand why the country is so angry and agitated. France’s peculiar role in Europe – within the European community of nations and the monetary union of the last 50 years – is more than enough to explain the frustration. …
Nothing is currently being discussed more than the trend in government bond yields. A look at the figures helps to distinguish scaremongering from reliable information. Nothing is out of the ordinary at the moment apart from the scale of speculation about what the central banks will do next. …
