Since April we have seen politicians around the world trying to roll back on the panic created by the Corona Virus. The machinery of government and its institutions, particularly areas involved in health, led by the World Health Organisation, embraced the idea of pandemic and effectively shut down the world’s economy.
Since the end of March really nothing has changed, and everything has changed. At the end of March, the Prime Minister caught the Corona Virus (CV), disappeared into Intensive Care and now seems to be
The major drop in commodity prices and the unpopularity of mining is causing exploration to stop and mines to be shutting down. The economic crisis that is affecting raw materials, when the global economy starts to recover, is likely to cause rapid price increases. Inflation, which has been dormant now for many years, will probably be a hot
by Damon de Laszlo, ERC Chairman In January we were looking at a relatively steady, if confusing, world. Two minefields, one financial and the other political, were evident, but a new and unexpected phenomenon has appeared in the form of Coronavirus. Since the appearance of the Ebola virus and SARS, the World Health Organisation and […]
by Damon de Laszlo, ERC Chairman Since November it’s been difficult to “put pen to paper!” The year ended, from a general point of view, incredibly well. Stock markets at an all-time high, economies trundling along, and no major disasters to spoil the year end. 2020 is a date that causes reflection and contemplation as […]
The US recovery has held up remarkably well despite Trump-created uncertainty and a worry that ten years of improving stock markets should herald an end to a period of growth and bring in a cyclical re-balancing – in other words…