September 1st, I started the BoFEB. This article will give you a short introduction into what the BoFEB (Beroepsopleiding Financiaal-Economisch Beleidsmedewerker, or entails and, more importantly, how to get in.
“Sleep is my greatest enemy.” – Reed Hastings, CEO Netflix
With the 2017 Dutch election having come and gone, a new coalition has been formed, with a new government budget. The Dutch government budget can be quite confusing for both Dutchies and non-Dutchies, hopefully this article will clarify its economic impact.
During the Financial Crisis of 2008 taxpayers’ money was frequently used to save banks from bankruptcy. In the Netherlands ABN-AMRO and SNS Reaal were bailed out by the government for the staggering amounts of 22 billion and 3.7 billion euro respectively. Moreover, the Irish government came into severe trouble after saving their financial infrastructure from the abyss. These rescues caused governments to take the full blow, resulting in a “free lunch” for banks’ shareholders and bondholders. As a result, taxpayers (and politicians too) were disappointed in and angry with those “irresponsible bankers”.
With a market cap of approximately €87.4 billion and a current all-time high price of €5270 (Wilmoth, 2017), Bitcoin’s price and success seem to be heading through the roof and beyond. While hitting the €1000 mark in mid-January , the price has since increased with almost 430%. Taking into account these extraordinary numbers, the main question arises whether Bitcoin will be the next speculative bubble.
As the guitar gods slowly die out, so do their guitars. The annual revenue of Gibson, the company that produced the iconic ‘Les Paul’ guitar, has fallen from $2.1 billion in 2014 to $1.7 billion (Edgers, 2017). Fender, who makes the ‘Stratocaster’, has seen total revenue fall from $675 million to $545 million (Edgers, 2017).
We all know the world is pretty unstable at the moment. Some examples are the terrorist attacks in Manchester, London, Paris, Nice, Indonesia, Egypt etc. The social effects are incredibly large, but you also might wonder what the impact is on the economy.
Last year an unknown price competition was going on between oil leaders. By increasing production, and thereby lowering the market price for oil, they tried to compete each other out. On November 2016, members of the Organization of the Petroleum Exporting Countries (OPEC) and ten other countries, among them Russia, decreased part of their production. This month the same leaders decided to extend this policy for nine months. The goal is to increase the price of oil, but MarketWatch came up with an interesting thread by looking at history.