Friedrich Nietzsche once quipped - a casual stroll through the lunatic asylum shows that faith does not prove anything. There are important areas in life where you don’t have to rely only on faith, but can turn to science, data and experience. I have been working as a professional forecater and investor for fifteen years. I wish I could say that I have seen everything, but I continue to be surprised and learn something new every day. My curiosity and my mistakes have shaped my professional and private life.
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Payment card data suggests that the drop in consumption during the second wave of Covid-19 is much smaller than in Spring and is “localized” only in some sectors (more goods, fewer services). Less uncertainty about the future income and jobs, progress on a vaccine front, readiness to sell and buy online and other factors contribute to a milder economic effects.
Nerijus, what are the events in financial markets which keep surprising you nowadays?
Asked by Justas Janauskas
So many things surprise, astound and humble me this year! We are witnessing once in a generation shift in economic paradigm. For example, government debt no longer matters, they can be insolvent and still get money for free (because if no one else will, central banks will print and lend them the money).