Category Archives: Economy

Hyperinflation and defaults in Europe

In my previous post, I purposefully selected Germany as the case of country that would need to be kicked out of the Europe due to its fiscal irresponsibility. Surely, most of you think the situation today is just the reverse … Continue reading

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Invest in real assets (pencils if need be)

My previous post discussed why it is better to be invested in real assets vs. cash or bonds in order to protect your savings in case of a recession. Even though all the references were to stocks, I kept the … Continue reading

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Filed under Economy, Investing

Inflation and assets

During the last weekend, I spent some hours watching the webcast of the annual investors’ conference of Bestinver, a Spanish investment fund. I find the conference itself not only entertaining and informative but quite funny due to the way the … Continue reading

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Filed under Economy, Investing

¿Cómo aflorar la economía sumergida?

Por todos es conocido el nivel que la economía sumergida tristemente alcanza en España (“Dinero B”, “¿Con IVA o sin IVA?”, “Ay, si quiere factura le tendré que cobrar el IVA”). En junio la Fundación de Cajas de Ahorro (FUNCAS) … Continue reading

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Filed under Economy, France

3 billion of Takatoris

In this post I just wanted to share a couple of thoughts that I discussed with my father and older brother some months ago on the welfare state that we enjoy in Europe. Luca and I went on a holiday … Continue reading

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Filed under Economy, France, Travelling

Turboprops market different dynamic

In the last post I discussed about the dynamics of commercial aircraft orders and its correlation with air traffic growth and GDP growth. In the previous post, I had discussed about turboprops. Today, I want to connect the two dots … Continue reading

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Filed under Aerospace & Defence, Economy

Air traffic growth vs. aircraft orders

Taking the topic of the headline of this post I want to share some reflections on the commercial aircraft market. The first is how closely air traffic growth is correlated to world economic growth. This sentence and the following graphic … Continue reading

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Filed under Aerospace & Defence, Economy

For Living or Investing

This is an ad I see every day on my way to the office: “For Living or Investing”. They sell villas and apartments up to 4 rooms. I have often defended the position that a house cannot be considered an … Continue reading

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The end of private property

Last Saturday, while reading the last issue of The Economist at home, I found the following table with the evolution of government spending for some countries: You can see that the trend is upwards for all countries. In one of … Continue reading

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Impact of Airbus in Toulouse employment

Some days ago, I attended for the first time a meeting of Rosemasters club in Toulouse. We were about 20 people attending. During the introduction round we discovered that there were 5 Airbus employees among us, which was 25% of … Continue reading

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Filed under Aerospace & Defence, Economy, France