No innovation, no growth

The author of the bestseller Rise and Fall of American Growth, which studies the past two hundred years of the American economy, says that the…

On Past Returns

In the past 50 years, the American share market generated a remarkable annual return* of 9.8%. It is a common belief that the same 50-year…

The death of passive investments

In the next 10-15 years, I believe, that the passive, static investments (e.g. the classic 60-40 share-bond portfolio) will only achieve negative real return. It…

The succes of the Hungarian model

Viktor Orbán says that EU funds are not the reasons why the Hungarian economy is growing, and the Hungarian model is an absolute success. Economists…

FED: MISSION IMPOSSIBLE

The intention of the United States’ central bank to raise the interest rate was unexpected and became a determinative capital market event in the last…

Stronger dollar is a bad omen

Ole Hansen, Head of Commodity Strategy at the Dutch Saxo Bank expects a permanent gold rally. In the interview he gave to Alapblog.hu he talks…

Crisis a la Italy – again

It seems that the most indebted country in the euro zone (130% debt to GDP) will hold early parliamentary elections in a couple of months….