Is China’s economy 60% smaller?

Is China’s economy only 40% (!) of what we supposed it was and the official figures indicated? A well researched study by Prof. Luis Martinez, from Chicago, shows impressive evidence that China has been overstating GDP growth for decades. This compounds to a dramatic overstatement of 250%! What are the implications for its prospects now… Read More »

O País refém do Hub aéreo em Lisboa

O País está refém da teimosia do governo em manter um Hub aéreo em Lisboa. Para além dos mais de 3 mil milhões de euros que despejou na TAP (que, como ficou evidente, só serve praticamente a região de Lisboa) ainda impõe o hub de Lisboa como condição para privatizar a companhia. Entretanto, há indicações… Read More »

𝙄𝙣 𝙢𝙤𝙙𝙚𝙧𝙣 𝙝𝙞𝙨𝙩𝙤𝙧𝙮, 𝙖𝙣 “𝙚𝙣𝙚𝙧𝙜𝙮 𝙩𝙧𝙖𝙣𝙨𝙞𝙩𝙞𝙤𝙣” 𝙝𝙖𝙨 𝙣𝙚𝙫𝙚𝙧 𝙩𝙖𝙠𝙚𝙣 𝙥𝙡𝙖𝙘𝙚, 𝙚𝙣𝙚𝙧𝙜𝙮 𝙨𝙤𝙪𝙧𝙘𝙚𝙨 𝙬𝙚𝙧𝙚 𝙤𝙣𝙡𝙮 𝙖𝙙𝙙𝙚𝙙

I was honoured to be part of the review panel of this important paper by my friend Lars, an Energy expert who bases his views on facts and data, not leaning to magical thinking nor fashion. Boston Consulting Group (BCG) recently issued a new report “A Blueprint for the Energy Transition 2023” – I [Lars]… Read More »

The huge costs of Germany’s energy transition policy

Germany energy policy of the last decades has put its economy at risk. It is time to face reality. This great documentary from DW shows the contrast between utopian activists and incompetent politicians on the one side and expert engineers and industrialists on the other. German industry is at risk, namely because of over reliance… Read More »

Chris Christie saying what needs to be said about Trump

.Christie knows Trump for 20 years, and he worked closely with him leading the transition team from the Obama administration. The then travails with the Trump family during the transition are well described in the book The Fifth Risk by Michael Lewis. Quote: “Christie viewed Jared as one of those people who thinks that, because… Read More »

Nassim Taleb on the looming risks

Wise words from Nassim Taleb on the risks our economies are facing. A whole generation of investors doesn’t understand the implications of inflation and interest rates, after 15 years of near zero rates. Venture Capital got used to value businesses in light of the next funding round, not future cash flows from the business. This… Read More »

Great article from the FT: “Wagner became a kind of Frankenstein’s monster that eventually turned on its creator”

A great article from the FT offers a good explanation on what happened between Pregozhin and the Kremlin in the last few days. In essence “Wagner became a kind of Frankenstein’s monster that eventually turned on its creator”. “Covert warfare, corruption and poor governance stoked the greatest threat to Russian president’s rule”. https://on.ft.com/43WnhHY Excerpts: “Although… Read More »