Tag Archives: banks

The six dangerous hotspots of the chinese economy right now 1. Overcapacity In basically each industrial sector, the chinese factories have currently much bigger production-facilities (and number of employees) than really needed. In the steel-sector for instance, the overcapacity is about 350 million tons/year sending steel prices on the market down the tube. But China has not followed through on …

In the summer of 2007, the value of 1 EUR was 3.20 RON. The value of 1 Swiss Franc (CHF) was 2.10 RON at the schimb vis-a-vis my house. Last summer (2015), 1 EUR was 4.40 RON; 1 CHF was 4.25 RON. The effect of this change for me, earning a few CHF a month: the 2015-summer-holidays in Mamaia was …

When you pay for your cumparaturi with a plastic card, you perform a cashless transaction. This system has a long history with many chapters. Bartering was once a standard- method of payment used around the globe long before currency was introduced. A farmer would bring a chicken to town in exchange for warm clothes for his children for instance. In …

For many people in my generation between 40 and 50, the term ‘Less Than Zero’ stands not only for low temperatures, but for the culture of decadence of the wealthy youth in Los Angeles in the middle of the 80’s, as shown in the (depressing) movie with this title.    This is going to change –  and the term ‘Less Than …