by Damon de Laszlo, ERC Chairman Contrary to initial projections, the pace of economic slowdown has been less pronounced as we approach the midpoint of the year. Western economies have proved much more resilient than anticipated. In 2020, it was becoming clear that the liquidity that had been poured into the world’s economy over […]
March 2023
by Damon de Laszlo, ERC Chairman In February we were anticipating the beginning of an escalation in the rate of bankruptcy. Central banks’ policies of raising interest rates in quantitative tightening are their tools for controlling inflation. Historically, this basically means bank loans become more expensive and more difficult to obtain, leading to business […]
February 2023
by Damon de Laszlo, ERC Chairman There is considerable reason to be optimistic as I mentioned in my last Daberiam, but that should be applied to the latter part of this year running into next year. Today, however, the stock markets are running hot, and there seems to be an over-optimistic view of the […]
November 2022
by Damon de Laszlo, ERC Chairman In October I commented that “the turmoil of September continues and indeed seems to be increasing in many areas”. I had hoped that some stability would be restored to government in the UK, while the loss of the capability to govern, along with ineffective institutions, as well as […]
October 2022
by Damon de Laszlo, ERC Chairman The turmoil of September continues and indeed seems to be increasing in many areas. The lack of stable governments in the UK and Europe, along with ineffective institutions and loss of the will to govern is hopefully reaching the bottom of the cycle. Whether one likes it or […]
September 2022
by Damon de Laszlo, ERC Chairman The world came together to mourn the death of Queen Elizabeth II. On view was tradition and pageantry that created a spectacle that many millions watched with sadness and admiration for a person who had given a life of quite unparalleled public service, while living a life under […]