- August 2024 - by Damon de Laszlo, ERC Chairman Since July there seems to have been a rollercoaster of news, word-bites and generally irrelevant hysteria, but during the month no fundamentals seem to have changed, except that the trends that were nascent are beginning to appear more solid. Inflation across the world is declining, it would seem […]
- July 2024 - by Damon de Laszlo, ERC Chairman As is often the case, we seem to be at a tipping point – the moment when the tide, having gone out, hasn’t apparently started to come back in, is very much the feeling I have when I look at inflation. It is basically receding – prices of […]
- June 2024 - by Damon de Laszlo, ERC Chairman The weather at last gives some uplift to the spirits and helps with optimism, making it more difficult to address the underlying economic problems that we still face. Elections in the UK have deteriorated into political farce, with the two major parties playing a sort of game of […]
- April 2024 - by Damon de Laszlo, ERC Chairman I was mildly optimistic last month, having hoped that the diminished impact of supply chain disruptions on inflation and the return of job vacancies towards normal levels indicated stabilizing conditions. It was also my hope that forecasts for the US deficit would begin to show steadiness. However, unnerving […]
- March 2024 - by Damon de Laszlo, ERC Chairman Another month and another stock market peak, largely driven by the euphoria around the so-called Magnificent Seven, riding the AI boom. Another month in which those living in Gaza have had their homes and infrastructure mercilessly pounded as well as being cut off from humanitarian aid and food […]
- February 2024 - by Damon de Laszlo, ERC Chairman We are living in a bizarre world where pressures are building in different spheres. The mood in general is pessimistic but the world seems to trundle along without seriously attempting to address the pressure points, while at the same time acknowledging them to be there. Money is poured […]
- January 2024 - by Damon de Laszlo, ERC Chairman One ended 2023 with a hope that the Season of Goodwill might have some impact, however small, on the two humanitarian disasters being created in Ukraine by Russia and Palestine by Israel. Two conflicts that are the results of long-term friction and strife between the four countries involved. […]
- December 2023 - by Damon de Laszlo, ERC Chairman Since October, two terrorist incursions, in Ukraine and Israel, have bogged down into wars of attrition. The final outcome of either is not at all clear, as both conflicts are the result of enormously complex histories and are subject to Western political and financial support. The support in […]
- October 2023 - by Damon de Laszlo, ERC Chairman Since September the pattern of worries that we had settled into following Russia’s invasion of Ukraine has been suspended by Hamas’s lightening attack on Israel. Two States – one large, one small – headed by terrorist leaders seem to show that the world order has taken a dramatic […]
- September 2023 - by Damon de Laszlo, ERC Chairman September so far seems to be more like mid-summer with the highest temperatures on record in the UK, capping even the June heatwave. The weather pattern seems to be mirroring the UK’s national statistics that yoyo from positive to negative to positive numbers with monotonous regularity. Central Bank […]