Convergence of the East

The desire to catch up with Western living standards is an open secret among the post-socialist states of Europe. Currently, the Hungarian economy enjoys all…

’THE EVERYTHING BUBBLE’

After the ‘Dotcom bubble’ of 2000 and the 2008 ‘credit bubble’, the new name that has been spreading is the 2017 ‘Everything bubble’. It is…

Man of steel

The leader of the free world, who prefers to communicate his outbursts on Twitter, once again sent shockwaves trough the networks of global politics. At…

Is Budapest expensive?

An interesting figure was published on Bloomberg showing where Londoners might potentially go after Brexit. This figure shows how expensive accommodation is compared to wages in…

Economics finally opens to reality?

Probably. Richard H. Thaler, a leading figure in the field of behavioural economics emphasizing the limitations of rationality, was the recipient of the Nobel Memorial…

Robots vs. the terracootta army

My colleague Citadella pictured the following future in his ‘The death of passive investments’ piece published this weekend. We have run out of global cheap…

The multiplying Estonian economy

There are almost 30 thousand Estonian e-residents. People wishing to establish location-independent enterprises, digital nomads, and British people jumping from Brexit are among them. Others…

We have to survive the impossible

Nothing can come from the ‘North Korean situation’, but the rising prices of raw materials, especially crude oil. Cliff Kupchan, chairman and analyst at the…

Zcash, the secret money

With the birth of bitcoin, a hitherto unknown monetary system based on a completely new principle came into being in 2009. Its main characteristic is…

Parallel universes – The DAO, part 3

The previous part explained that following the robbery of the decentralized company called The DAO, Ethereum’s blockchain eventually permanently forked. This was not the original…