Keynes to the rescue for Lebanon

February 7, 2020 0

  When all is said and done, bankruptcy is nothing more than an accounting phenomenon, and growth is a matter of confidence. Otherwise, why would the Bank of Japan be the sole proprietor of half of its national bond market and why are its holdings in bonds and shares in the country reaching 100% of…

By Michel Santi

Sanctions are testaments of American supremacy

January 14, 2020 0

  Contrary to popular belief, it’s not the weapon of the dollar that makes US sanctions against a country inescapable. The Greenback is of course the reserve currency par excellence on the global scale and naturally accounts for the American hegemony. However, doing business in another currency – for the many companies and nations under…

By Michel Santi

If only we were all Japanese!

December 12, 2019 0

  The economists and bankers of my generation have had the habit of entertaining themselves by dividing the world into four types of economies: developed, emerging, Argentina and Japan. It is worth, however, updating this somewhat simplistic and caricatural joke by removing Japan from the list of economic aberrations. Albeit highly unlikely, the Japanese property…

By Michel Santi

The Gospel according to Saint Money

November 30, 2019 0

  It’s a history condemned to repeat itself forever because, since the dawn of time, the enrichment of some has basically always been to the detriment of others. Inequality has often been described by the upper class as an inevitable side effect, systemic almost, of the prosperity and innovation that is however meant to benefit…

By Michel Santi

Lebanon: a new race of leaders

November 20, 2019 0

    To understand the events in Lebanon that have taken place over the last month, it is vital to have an idea of the country’s debt structure. In other words: the analysis of Lebanon’s public and private debt allows us to better understand this socioeconomic crisis. In fact, Lebanon is renowned for distinguishing itself…

By Michel Santi