Read my new article on the macroeconomics in the Covid19 era. Click in the link below (use Google translate for non-Greek speakers): https://apopseis.gr/skepsis-gia-tin-epochi-tou-koronoiou/
Dear friends, I am totally overwhelmed with the quality and quantity of fake news and pseudo-science publications, news, and social media posts, amidst this global health and economic crisis due to Covid-19. I believe that the knowledge generated by Big Data is the proper scientific answer to misinformation and propaganda.
Read the graphs in real time, evaluate your sources, think, understand and filter out the noise and nonsense.
Do you also feel that a new age of geopolitics, global finance and banking is rising due to the Coronavirus? Here’s one of the best articles I have read so far summoning the global crisis of 2008 up to today’s global economic turmoil: https://www.nytimes.com/2020/03/20/opinion/coronavirus-economy-currency.html?action=click&module=Opinion&pgtype=Homepage
Find below a list of valid sources to better track all the news and monitor your understanding of this virus:
Coronavirus Live Updates: https://ncov2019.live/?fbclid=IwAR2FVQM7Hr_iGGDod_bQsblgn–xmN-R7ukuvMHcJYrQ1spbB7LhZ-hgjag
Novel Coronavirus (COVID-19) Situation: https://experience.arcgis.com/experience/685d0ace521648f8a5beeeee1b9125cd?fbclid=IwAR0A5qRvX_3Sl7bBViaj62kjIHa8TzmQ5wsAUtOwv82vXzRWBh5kihfl6i0
Global Market Updates:
Follow me on Twitter for live updates: https://twitter.com/stathiskassios?lang=el
PS. If you have access or are aware of more valid sources please send them to me and I will add those
My new article on Greece’s Public Debt and a comparison to Argentina has just been published. Click on the text link below:
I would like to thank apopseis.gr for hosting me
Προκηρύχθηκε η δράση με τίτλο «Εργαλειοθήκη Ανταγωνιστικότητας Μικρών και Πολύ
Μικρών Επιχειρήσεων» αφορά στην ενίσχυση υφιστάμενων μικρών και πολύ μικρών
επιχειρήσεων – κατά προτεραιότητα – των εννέα (9) τομέων προτεραιότητας του ΕΠΑνΕΚ, προκειμένου να αναβαθμίσουν και να βελτιώσουν την ανταγωνιστική τους θέση στην εσωτερική και εξωτερική αγορά, επενδύοντας στον εκσυγχρονισμό τους για την ενίσχυση της ανταγωνιστικότητάς τους.
Ο επιχορηγούμενος προϋπολογισμός του κάθε επενδυτικού σχεδίου μπορεί να είναι
από 20.000,00€ έως 200.000,00€. Το ποσοστό επιδότησης κυμαίνεται κατ’ ελάχιστον σε ποσοστό 50% και έως 65% για τις επιχειρήσεις που έχουν εξαγωγική δραστηριότητα άνω του 25% του κύκλου εργασιών τους.
Η Δράση θα αποτελέσει ένα εργαλείο χρηματοδότησης του εκσυγχρονισμού μικρών και πολύ μικρών επιχειρήσεων.
Ημερομηνία έναρξης ηλεκτρονικής υποβολής των επενδυτικών σχεδίων στο Πληροφοριακό Σύστημα Διαχείρισης Κρατικών Ενισχύσεων ορίζεται η 20.02.2019.
Για περισσότερες πληροφορίες επικοινωνήστε μαζί μας στην ηλεκτρονική διεύθυνση: skassios(at)gmail.com
Some of the articles I have been reading lately. Have any comments? Share below! Let’s discuss current and future trends.
Judging from the title of my new blog publication you will probably assume that you will further read about the universe’s mysteries, black holes, dark matter, etc. Far from that…the universe obeys to discovered and yet undiscovered laws of physics and the cosmos. Economies too are driven by the laws of economics which politicians do not consider as having the same weight and impact upon the markets and the lives of the people they govern.
Won’t keep you in anxiety more. The inspiration of this new blog entry title comes from recently reading an interesting interview by Ricardo Hausmann who has spent many years of his life researching & consulting on what went wrong with the economy of Venezuela.
Every country is different although the factors that help an economy grow or fade into recession follow similar patterns. Think for a moment about the current situation in Greece. I believe there is dark matter which works against all hopes of revival. First of all, Greece has not solidified a concrete and long term business plan on a national level that will drag its economy out of the recession and bring it back to normality. Current fiscal policies and overtaxation do not work in favor of accelerating the economy. They actually keep on destabilizing it while creating uncertainty for investments. Take the example of the following foreign companies that tried to do business in Greece and left because of bureaucratic struggles: China New Era, LKS Partners & Lockheed Martin, Las Vegas Sands, Vopak, Tesla, and many others (let’s see the outcome with Eldorado Gold).
Even if some parts of the government budget look positive for the markets, the ”dark matter” is there if you look more closely to the bitter economic indexes and statistical numbers.
Ricardo Hausmann observed that fiscal policies in Venezuela spurred contractions in the economy. Rings a bell? Yes, Greece’s governments have managed over time (lost) to adjust fiscal policies without realizing the policies were working against the economy’s real growth. Even the access for Greece to borrow money from the international markets took a long time and still investors are not feeling confident. Thus Greece is not reflecting confidence to borrow money at bad times.
Greece is also in a position that cannot handle its public debt which the IMF is repeatedly positioning as non-sustainable. According to Hausmann, emerging economies are not able to handle their surmounting debt and often lead their economy to fails. Greece is not an emerging economy (maybe pragmatically returning slowly to this phase) but is going through a state at which the country is not able to monitor its public debt and hopes the IMF will align their policy with EU’s bureaucrats and offer debt forgiveness by cutting it down.
Greece needs a collective effort to attract scientists, entrepreneurs, or people that can offer productive knowledge which can bring added value to new products & services. Otherwise, the dark matter lurking will be driving the economy to repeated failures while politicians will be looking to outside factors to explain the economic hurdles, same as the notorious dark matter in the universe is observed by its effect on its surrounding stars.
Web Entrepreneur & Business Consultant
One of the latest international projects I have developed, Sloa Camp. Sloa Camp will bridge students from Asia with universities in Europe and USA.
0 % corporate tax within the EU – Bulgaria. Contact me for an introduction to Innovires Business & Legal Consulting Office.
moovit newsletter January 2017: http://us3.campaign-archive1.com/?u=c24727311fc31f651cff01770&id=2decc8dda6
traders out, computer engineers in: https://www.technologyreview.com/s/603431/as-goldman-embraces-automation-even-the-masters-of-the-universe-are-threatened/
innovires legal & consulting business office: https://www.facebook.com/innovires/
a nice interview with economist Gita Gopinath for world trade, currency wars, etc. https://www.mpls.frb.org/publications/the-region/interview-with-gita-gopinath
5 reasons why Greek businesses should move to a paperless – digital office: https://sevdesk.gr/blog/paperless-office-greece/
SaaS startup phenomenon globally: http://buff.ly/2hx5DT5
Tips From A Local Expert: Explore Athens, Greece On Public Transit – http://moovitapp.com/blog/tips-athens-transit/
Cloud office for Greek freelancers & small business owners – https://sevdesk.gr/
The new world of mobility – https://techcrunch.com/2016/10/10/the-new-world-of-mobility/
Aspects of Internet of Things (IoT) – http://marginalrevolution.com/marginalrevolution/2016/09/from-the-comments-on-cyberattacks.html
Spotify in Talks to Acquire SoundCloud (Report) – http://variety.com/2016/digital/news/spotify-soundcloud-acquisition-report-1201873039/
The Characteristics Of The Most Attractive SMB SaaS Companies – http://tomtunguz.com/ideal-smb-saas-company/
Using behavioral science to improve the customer experience – http://www.mckinsey.com/business-functions/operations/our-insights/using-behavioral-science-to-improve-the-customer-experience
Time flies. It’s this time of the year again that I would like to share with you my predictions & trends for 2016.
– The sharing economy platforms like Uber, Airbnb, Lyft, etc. are not only disrupting current business models, they are also creating jobs and generating income for unemployed or even low paid people. These platforms establish a new type of professional life away from the norms of current & old labor laws and traditional employment. See this research for referenece: http://mercatus.org/publication/evaluating-growth-1099-workforce
– Internet of Things: we hear & read more and more about the Internet of Things (IoT) and how our lifes will be transformed hopefully for the better. All electronic devices that we use daily will be connected to each other and with the world wide web, collecting and exchanging huge amounts of data that have to make sense and offer practical advantages. The IoT is predicted to have a $13 trillion impact on the global economy. Imagine vehicles, house devices, company offices, factories & work sites, all riding the connectivity wave and creating smarter and more efficient products & services. See this article by McKinsey: http://www.mckinsey.com/insights/high_tech_telecoms_internet/preparing_it_systems_and_organizations_for_the_internet_of_things
– Social media & education: these global online networks will play a pivotal role in how people present themselves online. The networks people will be creating matter for the information they share thus education will also be networked online. Maybe we get to see more social networks popping up as with over 3 billion users globally using laptops, smartphones, tablets, more networks will be created to serve these people’s needs. Think poor countries for example where a smartphone connected to the internet, will be a great way to be educated, communicate personally & professionally, gain knowledge of the world outside of the local boundaries that sometimes corrupted governments impose.
– Artificial Intelligence: Machines are getting smarter with all the big data we feed them. Will machines help us in the future or take over our lives and destroy millions of jobs in the various industries and sectors of the economy? http://www.wired.co.uk/magazine/archive/2015/11/features/wired-world-2016-alain-de-botton-artificial-emotional-intelligence
– Intelligence: due to the fast pace of digital connectivity, a vast amount of information and data becomes available to public organizations, research centers, private companies. As we are building the Everest of data, we carefully have to monitor the intelligence spurring from the top of the mountain which will benefit humanity, eliminate the ”noise” (bad data that don’t make sense) and reduce risks that would appear if sensitive data becomes available to the wrong hands. Organizations and companies will have to protect their data through strong cybersecurity measures and proactive implementation of advanced system security & architecture.
– 3D Printers: 3D printing will lead the very essence of technological & manufacturing disruption across all kinds of industries, using new materials to construct or replicate products in pharmaceuticals, bio-industry, industrial design, space exploration, house building, etc.
– Global growth: according to IMF (International Monetary Fund) the global economy is expected to grow in 2016 by 3.6, expecting a calm growth for Europe, the same growth as last year’s for USA and a bit slower for Canada. The riddle of growth will go to China as nobody can actually predict what is happening in this giant economy due to the lack of trust in their statistics. India will continue to grow strong while Japan returned to recession. Recurring global currency wars and the domestic currencies of Latin American countries will create problems in their development.
– Greece’s Debt continues to increase, probably in a non-sustainable way. Much has been discussed in global news & media for ways to make it more sustainable and decrease the burden of imposing more austerity measures. The co-founder of Hellene.gr, Sheridan Tatsuno, has published an article on ways for Greece to develop its economy beyond its debt through tourism, exports, technology outsourcing: http://hellene.gr/news/beyond-greeces-debt-trap/
Balkan countries have started providing important business incentives by setting zero taxes for new companies as a way to invite entrepreneurs from other countries. This is what I call long term strategic thinking and planning. See the example of Albania: http://digjitale.com/2015/11/zero-taxes-for-startups-in-albania/
– Geopolitical risks: Independent of the exciting news coming from technology, the political problems in countries like Syria, the general turbulence in the Middle East, the involvement of different powers with different interests, will remain a threat for the global markets (refer to the EU stock market indexes when Turkey shot down a Russian jet). The world will also be watching the US presidential election campaign because of the different policies the elected leader will follow on terrorism, homeland security and foreign policy matters.
Because of the interconnectedness of the global economy, national problems become international (see the Chinese stock market crash & repercussions), altering capital flows & investors sentiment. The monetary policy of FED & ECB on interest rates will also play an important role for global growth and development.
My personal wishes to you for health, wealth and happiness in 2016!