The Beautiful Game’s Travails in the Old Continent
“Football clubs need to address the foregone revenues caused by lockdowns and mobility restrictions”
Economy
The Most Unsympathetic of Inheritances
«The young people, trapped between two crises in only eight years, will now see their chances for a meaningful future slip farther away»
Brave New Financial World
“The issue here is that some monetary areas are more likely to reflate than others are. We have far more faith in the US or the UK reflating than we have on China or the EU doing so, unless China devalues or the euro breaks up”
The Outlook for 2021: Investing by Dictate
“It is difficult to understand why so many companies are more valuable today than before COVID as measured by their enterprise value”
Complacency in the Age of Uncertainty
«All that is wrong with western democracies is enjoying a revival of enormous popularity in a society scared into submission thanks to a smart manipulation of facts and statistics»
The World that Awaits President Biden
“Biden’s is a pyrrhic victory. He will not be able to set his agenda without control of the Senate and most State Legislatures”
Where are the customers' yachts?
«Liquid strategies should very likely play a much bigger role in meeting customers’ investment objectives»
Abenomics, an urgent obituary
«Under Abe, Japan became the great experimental laboratory for what had been unthinkable everywhere until then»