الوسم: Malta
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Pouring oil on the fire
Here’s some basic economics 101. The reason why central banks increase interest rates during an inflationary environment is to reduce the money supply and decrease demand. In a recessionary environment, the central bank would be expected to reduce interest rates so as to increase the money supply and increase economic activity to push employment and…
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I know nothing on cannabis, but I will regulate it
Leonid McKay, the new head of the Cannabis Authority (hilarious) is part of the “people saving business” grifter of professionals. He used to head Caritas, the Church agency which rehabilitates drug addicts. He praises the new government’s marijuana law which doesn’t actually decrminalises the use and distribution of marijuana, doesn’t allow its commercialisation, and also…
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Who knew? Maltese run equity funds underperform badly
So, after having looked at Maltese government bonds, I decided to take a quick look at what’s available in the local market in terms of funds. Maltese government bonds are usually oversubscribed and local investors love them, so I checked whether Malta has some locally owned hedge funds or mutual funds. And boy, what a…
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Good luck, Prim. You’re going to need it.
The yield curve of many major government bonds is inverting and so is Malta’s. Inverted yield curves indicate a potential recessionary environment, but not necessary. Yields this high (relatively) are unsustainable for public debt, and global yields will have to eventually go down as interest rates go down. Malta government bonds used to be a…
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Malta’s Presidency of the UN Security Council is being used to whitewash Russia
Malta has so far successfully kept its very close relationships with Russia out of international controversy. Although official figures show that there is very little trade going on between Malta and Russia, the reality is that thousands of Russians have purchased Maltese passports over the years and Malta also has its own little Russian enclave…
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Steward Healthcare Malta: lies, fraud, corruption and more.
Robert Abela’s accession to power was all about keeping Labour’s dirty deals under the carpet and giving impunity to its dirty players. So, instead of having the police and the attorney-general pressing to unravel the corruption by previous administrations, the opposition, private citizens, and NGOs are taking up various struggles to tidy up the country…
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Where’s the indignation on Jean Paul Sofia, Dear Leader?
Prime Minister Robert Abela has refused calls to start a public inquiry on the death of Jean-Paul Sofia, the construction worker who died in a building collapse at an irregular development site being run by insiders at the Lands Authority, the same government department which owns the land of the construction site. The developer of…
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Foreign reports are no longer exciting for Dear Leader
Do you remember Prime Minister Robert Abela quoting the credit-rating agencies or international institutions about Malta’s economy? He’s like the head of an African country who boasts of his track record with the rubber stamp by intern analysts of big institutions. It’s mostly the low-end staff who does reports on developing economies as the most…
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Focusing on the future
The rumours that Roberta Metsola may have a chance at the Commission are not based on any fundamental reality given that Ursula von der Leyen still has the support of her party and the Germans are already juggling cabinet positions in exchange for the status-quo. Roberta Metsola may more probably be nominated for her post…