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
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COVID 19: The Fate of Airlines
On Wednesday the US Senate passed the Coronavirus Stimulus bill, with little time for scrutiny. This is perhaps unsurprising, given the scale and urgency of the health, social and economic crisis gripping the United States. Importantly for the current administration, it appears to be unprecedented yet decisive action, the kind of presidential behaviour needed if Trump is to win a second term in office.
COVID-19: CFO Concerns
This economic crisis, as well as the virus, is truly novel- it is not caused by bursting financial bubbles, deficient demand or underutilised potential. Revenues that would normally come from the population producing, earning and
Banking over the last 50 Years: Rising and Falling Fortunes
with
Brian Caplen, Editor in Chief -The Banker
24th February 2020
February 2020
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 […]
January 2020
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 […]