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As outlined on this site a month ago (see post of May, 27 ‘Brexit – Go For It!‘) I favor Britain’s decision to quit the EU. This week’s vote is a seismic moment for the UK, no doubt. But it’s far more than that. It’s foremost an urgently needed wake up call for the so called EU elites in Brussels, Paris or …

In this ‘Brexit’-week, there is much talk from both the ‘stay’ and the ‘leave’ camp about the ‘historic’ proportion of this referendum in the UK. It’s an important crossroad for Great Britain and Europe, no question. But I’m not so sure, the impact of a ‘leave’-vote would be that dramatic in the long run as currently projected. Only time will …

I own an American Express ‘Gold Card’ for many years and had never any inconveniences. And quite frankly, I wouldn’t accept anything else from a product that’s carrying ‘gold’ in its name. Then, on a recent business-trip to Geneva, I met an old buddy of mine from business-school for lunch. After the delicious dessert, he insisted to cover the tab …

Crude oil fell for a fourth day in a row yesterday – and settled below 50 USD/barrel – by concerns about Chinese growth (see Monday’s post) and the outcome of next week’s vote on Britain’s possible EU-exit (the campaign for the UK to leave the EU has a significant lead, a poll showed that 47% of likely voters said they will opt to leave the …

At the ‘Strategic Investment Conference 2016’ recently held in Dallas, geopolitical forecaster and strategist George Friedman said: ‘China is like Japan in 1989′. There are indeed many similarities between China today and Japan in the late 80’s, before Nippon went bust: a reliance on investment- and export-led growth; big current account surpluses; a real estate bubble (that led to highly indebted …

Summer vacation is just around the corner and millions of people are going to pack their bags in the coming weeks. The global business of tourism is quite substantial, receipts grew to over 1,2 trillion USD in recent years. The top tourism earners were the United States with 177 billion USD, followed by Spain (65 billion USD, then China and France …

Based On Probabilities: The ‘Euro 2016’ Winner Will Be France – After A Victory Over Spain In The Final When Romania and France kick-off the ‘Euro 2016’ tonight in the ‘Stade de France’ in Paris, the host and World Cup winner Germany will be – based on a predictive ‘bookmaker consensus model’ – the odd-on favorites for the title. Researchers from …

In the field of economics, the laws of supply and demand state that the price of a product and its available supply to the market are interconnected. For example, if a good such as crude oil is produced in excess, the price will drop accordingly (as we all just witnessed over the last 24 months), but when supply was suddenly disrupted …

Money has been a part of human history for almost 3’000 years. At the dawn of humanity, bartering was used in lieu of money to buy goods. As early man began to rear domestic livestock, one of the earliest forms of barter included cattle, sheep, as well as vegetables and grain. The first known currency was created by King Alyattes …

Running your own company for the first time is an exciting period in your life. But with all the success stories around of other entrepreneurs making millions, it’s particularly disappointing when your own venture fails. The reason why this happens is often, that a startup quickly runs out of money without generating the interest necessary to keep the head above …