6/19/15

Europeen Union - perfect storm is coming?

1. Extremely slow economic growth
2. Price deflation
3. Greek default and Grexit
4. UK referendum 2017
5. Rights, lefties, and Euro-sceptics destabilise the power of elites
6. Economic loss due to unrest in Ukraine
7. Economic loss due to mutual sanctions against Russia
8. Migrants
9. Political scandals
etc.

Not too much?


Giffen tarrifs - "Nobel Prize" goes to Trump

There is a famous economic chimera  - Giffern goods. This term means that the increase in price leads to increasing demand for this goods. T...