We ought not to consider The Balkans a region completely immune from potential crises and conflicts. The symptoms of this assumption are clearly visible in the current political situation in Bosnia, which is risking to enter into a new conflict with unforeseeable consequences, even 25 years after the Dayton Peace …

The administration of President Joseph Biden began in early 2021 amid daunting domestic challenges and an evolving era of Great Power competition (GPC). This era—emerging since 2008, evident since 2014, and on full display since 2017—features a three-state GPC where the United States, China, and Russia joust for international status …

I’m not worried at this point about a deflationary spiral, but I see what, to my view, is a plausible scenario where the CPI actually goes negative in the next twelve months. I go through the categories and my predictions component by component below, but there are four main items …