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The many Bitcoin bubbles Cryptocurrencies – Bitcoin, specifically – have undergone many boom/bust cycles over the past decade. Since 2014, we can count at least 3, possibly 4 (if we include the latest run-up) Bitcoin bubbles (see Figure 1). Each cycle lasted between 2 to 4 years, and, on average, after each bubble burst, Bitcoin’s
What comes to mind when we think about today’s Russian economy? For me, and probably for many others as well, it is two words—oil and sanctions. Russia has always been highly dependent on oil exports. However, in 2014, things took a turn for the worse as a sharp drop in oil prices combined with western
How to spend US$2.3 trillion President Biden announced its long awaited massive infrastructure plan. The proposal is audacious. Here’s how he and his administration plan to allocate the US$2.3 trillion spending package (Figure 1): Some key takeaways: One of the key focuses of the plan is investments in fighting climate change. A major part of