David Dike

by Damon de Laszlo, ERC Chairman   May probably was the tipping point for Western economies when the projected economic downturn started to appear in the statistics.  June is showing more evidence with property prices clearly going off the top and defaults now starting to rattle the banks’ view of their property loan book.  Lay-offs […]

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 […]

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 […]

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 […]

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 […]