To fix the economy, you have to fix debt - William White
Is normalization in monetary policy doable? There is no return back to any form of normalcy without dealing with the debt overhang. This is the elephant in the room. If we agree that the policy of the past thirty years has created an ever growing mountain of debt and ever rising instabilities in the system, then we need to deal with that. How? In theory, there are four ways to get rid of an overhang of bad debt. One: Households, corporations and governments try to save more t
Transition to renewables to be quick.
The global transition to renewables will be far quicker than most people expect. If that is not obvious to you, perhaps watching Tony Seba's latest presentation will give you a sense of why this will happen. https://www.youtube.com/watch?v=O-kbzfWzvSI&t=3123s Developed world economies will and are transitioning to renewables for 2 reasons: Most importantly, the simple economics of renewable energy will drive the transition from fossil fuels to renewables by itself. https://gr
2020s Decade of green revolution - Europe
There are a number of pointers that suggest that the 2020, could see a major transition to green renewable energy: Europe has long been a leader towards net zero carbon emissions, and sees the COVID crisis as opportunity to accelerate its transition to renewables. The 2015 Paris climate agreement. https://unfccc.int/process-and-meetings/the-paris-agreement/the-paris-agreement December, 2019. The European Green Deal. https://ec.europa.eu/info/strategy/priorities-2019-2024/eu
