Round two, the ECJ comes out fighting!
In a rare and strongly-worded statement, in reaction to the German Constitutional Courts ruling, the ECJ affirmed its sole “jurisdiction to rule that an act of an EU institution is…
German Court Decision Threatens to Upend the EU Legal System!
The German constitutional courts decision to set aside the ECJ's 2018 decision has enormous implications for the principle of primacy of EU law over national law. This potentially has huge…
China and the US, The New Sleepwalkers?
A timely article from The Irish Times outlines a decidedly negative turn in geopolitics which is currently taking place. Diplomatic and military sabre-rattling on the Chinese side is countered by…
The 90% economy that lockdowns will leave behind
An interesting article in The Economist that suggests that the post-crisis economy that is currently emerging will be fundamentally different from the one we knew earlier this year. The outlook…
All Set for Take-Off, But When?
The industry’s outlook grows darker by the day. The scale of the crisis makes a sharp V-shaped recovery unlikely. Realistically, it will be a U-shaped recovery with domestic travel coming…
Stephanie Kelton on Modern Monetary Theory
Lunch with the FT features s one of the leading advocates of Modern Monetary Theory (MMT), the idea that if a government is in charge of its own currency, no…
Negative Yield Curves & Recessions!!
According to Cam Harvey's model, the economy usually enters recession 12 months after first turning negative. With the initial inversion in March 2019, the model forecast a US recession starting…