Global Business Intelligence - November 2022



Πώς τα crypto «έκαψαν» δυο τρισεκατομμύρια δολάρια σε 12 μήνες - Read HERE

Regulating Crypto - Read HERE

FTX is the latest cryptocurrency company this year to come under financial pressure as crypto assets have collapsed in value. Other failures include Celsius, a bank-like company that took in crypto deposits in exchange for yield, as well as an Asia-based hedge fund known as Three Arrows Capital - Read HERE

Energy "hungry" EU, stocking up oil and gas for coming winter, means depriving energy resources for the developing world. The latter is already facing decreasing purchasing power as the strong dollar crushes their weakening internal national currencies. Because of Russia Ukraine war, EU goes after other international energy suppliers who prefer higher profit margins that the rich world can offer, than serving weak governments or poorer countries like Pakistan, India, Bangladesh, Philippines. Climate change and environmental catastrophes add up to the economic hurdles of the developing countries. - Efstathios Kassios

Το δημόσιο χρέος της Κίνας έχει φτάσει 275% επί του ΑΕΠ της. Σημαντικό μέρος αυτού του χρέους χρηματοδότησε επί χρόνια τη φούσκα στην αγορά των ακινήτων της. Με αυτά τα δεδομένα, οι αναλύσεις προηγούμενης δεκαετίας ότι η Κίνα θα φτάσει στη κορυφή της παγκόσμιας ανάπτυξης, τίθεται εν αμφιβόλω. - Efstathios Kassios

Reading some business articles on Africa lately, it's interesting to know that many African countries are trying to tax online transactions like e-commerce, mobile money (very common for money transfers), even social media usage (unsuccessfully). By opting for direct taxes in online transactions the undesired effect is moving people back to the shadow economy, exchanges of good and services with cash. Governments in Africa are looking for ways to raise tax revenues since taxing on personal income is still limited and remains complicated. Online markets and monopolistic telcos are reachable but enforcing high direct taxes on every digital transaction will hurt growth and development. A political dilemma. - Efstathios Kassios

With the ongoing war in Ukraine the market for derivatives and CDs (Credit Default Swaps) is growing as liquidity is the investors' rational choice amidst global uncertainty and coming recession, while central banks keep tightening monetary policy. Recall that CDs were identified as a major cause and factor for the global financial crisis a few years ago. - Efstathios Kassios

Η Ελλάδα αυτή τη στιγμή έχει τη μεγαλύτερη απόδοση στα 10ετή ομόλογα, 5%, σε σχέση με τη Γερμανία, Ιταλία, Γαλλία, Ισπανία, Πορτογαλία, Αμερική. Τι σημαίνει αυτό; Ρωτήστε αυτούς που υποστήριζαν τα χαμηλά επιτόκια ως επιχείρημα στη συζήτηση για τη βιωσιμότητα του ελληνικού χρέους. - Efstathios Kassios

The world will experience a Capex Boom - Read HERE

Τα spread των ελληνικών ομολόγων αυτή τη στιγμή σημειώνουν το υψηλότερο ποσοστό ανάμεσα σε ΗΠΑ, Αγγλία, Γερμανία, Ιταλία, κτλ. Το κόστος δανεισμού θα εκτροχιάσει τη δημοσιονομική σταθερότητα. - Efstathios Kassios

Why energy price policy is hard - Read HERE

A Crisis Is Coming in Europe. The Only Question Is, Which Kind? - Read HERE

With so much money poured into the economies of #usa #europe to support stagnant activity due to the pandemic, what would you expect when money supply increases at that level and pace? Historic #inflation now with disappointing interest rates bringing recession is the effect of this macro policy (with indeterminate money velocity variable). - Efstathios Kassios

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