The testament of a disillusioned economist

March 17, 2020 0

  This is my testament. My economic testimony. It’s been 12 years now that I’ve been analysing the crisis. All in all, I’ve been writing about the economy and finance for thirty years. However, it’s from 2007 that I’ve been trying tirelessly, through my books and my articles, to denounce what has come to be…

By Michel Santi

Oil: what a brutal world!

March 9, 2020 0

  We are living in turbulent times and our world can attest, since a few days ago, to the equivalent of a declaration of war taking place on the oil market. Saudi Arabia, that is suffering a fall of more than 20% of its exports to China (its biggest client) due to the coronavirus epidemic,…

By Michel Santi

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