Where does the crisis in the German economy come from and how do you explain the fact that Italian GDP is growing more than the European average? Where are the USA and China going and what does the boom in the stock markets, gold and Bitcoin together mean? Tomorrow on FIRSTonline…
Saturday 9 December on FIRSTonline the last issue of the year of the Lancette dell'economia, the historic column by Fabrizio Galimberti and Luca Paolazzi who will explain on an economic level from the new year how 2023 went and what we can realistically expect
Le Lancette dell'economia, a historic column by Fabrizio Galimberti and Luca Paolazzi, will respond to the main current economic and financial issues on Saturday 16 September
Le Lancette dell'economia, the historic column by Fabrizio Galimberti and Luca Paolazzi, will respond on Saturday 12 August to the main current economic and financial topics. From recession or growth, to inflation, interest rates and stock market trends
To understand the immediate future of the economy, you need to answer 17 crucial questions: the hands of the economy by Fabrizio Galimberti and Luca Paolazzi will do it tomorrow on FIRSTonline
The hands of the economy in June 2023 - The Italian economy is growing more - or slowing down less - than in the Eurozone: what factors explain this performance? And what other stumbling blocks lie in wait for the world economy? Why China's Rebound Not…
Tomorrow on FIRSTonline the June economy hands by Fabrizio Galimberti and Luca Paolazzi will answer the questions posed by current economic affairs. Inflation or Offshoring: Who Will Win? Will Italian growth last and how important is the PNRR? And the rates, and the…
The Hands of the economy of May 2023 - What basic factors explain the resilience of the economies (and in particular of the Italian one)? How troubling are the woes of American banks? Has inflation reached its tipping point? The Federal Reserve…
Will there really be a flight from deposits around the world, paving the way for bank insolvencies and a credit crunch heralding a violent recession? Tomorrow the Lancette dell'Economia by Fabrizio Galimberti and Luca Paolazzi will answer
THE HANDS OF THE ECONOMY OF APRIL 2023 - Why did the Monetary Fund leave the 2023 estimates unchanged despite the stumbles of the banks? Headline inflation falls and core inflation rises: why the ups and downs? What are the risk factors for…
Why is the economic recovery taking off despite the rate hike? Is it conjunctural or structural? And is inflation coming down or not? All the answers on Saturday 15th on FIRSTonline in the column of Fabrizio Galimberti and Luca Paolazzi
THE HANDS OF THE MARCH 2022 ECONOMY - What are the causes of the stability of the economies? And what are the factors that could spoil these gusts of recovery? Will China continue on past growth paths? Central banks, spurred on by inflation…
Recovery, inflation, rates, central banks, stock exchanges, exchange rates: on Saturday Galimberti and Paolazzi's hands on the economy will explain on FIRSTonline where the economy is going
THE HANDS OF THE ECONOMY FOR FEBRUARY 2023 - Is the resilience of the world economy confirmed? Are Europe and America out of the shadow of the recession? Is China back to being a locomotive? Central Banks want higher rates: by how much and for how long?…
Recession or economic recovery? How do you explain the recovery of the Stock Exchanges and how long will it last? These and other questions will be answered tomorrow by the Hands of the February 2023 economy
THE HANDS OF THE ECONOMY FOR JANUARY 2023 - The economy is not worse than expected: will the recession be avoided? China bets on reopening: will it be disappointed? The markets expect milder advice from central banks: will they be denied? Because it improves the spread…
Slowdown without recession? Inflation at its peak or not yet? On Saturday morning, all the great unknowns of the moment will be answered by the Hands of the economy on FIRSTonline, the monthly analysis column of the economic situation with an eye on structural changes by Fabrizio Galimberti and…
THE HANDS OF THE ECONOMY OF DECEMBER 2022 - Italy - for once - does better than Europe. Will last? China has eased the grip of 'Covid zero'. Will it be enough? Rates fall: for how much longer? Energy prices weaken: it's just…
The hands of the economy by Fabrizio Galimberti and Luca Paolazzi will answer the crucial questions of the economy of our times tomorrow on FIRSTonline
THE HANDS OF THE ECONOMY OF NOVEMBER 2022 - Is inflation really destined to go down? Are falling profits enough to explain the high volatility of the markets? The recession has arrived in Europe; Will America be able to avoid it? China will continue with the 'Covid…
The economic system under the grip of inflation and its determinants, what will happen? The hands of the economy by Galimberti and Paolazzi will answer on FIRSTonline on Saturday 12 November
The financial markets are experiencing a real earthquake after the tightening of monetary policy by the central banks, but what effect will the sharp rise in rates have on the real economy? Saturday 8 October, the hands of Galimberti's economy will answer on FIRSTonline…
THE HANDS OF THE ECONOMY OF SEPTEMBER 2022 - Are the difficulties of reading the economy dissipating? Yes, in the sense that the recession really comes. Can it be mitigated? With what policies? How serious is the gas problem? The (relative) weakness of…
The hands of the economy by Fabrizio Galimberti and Luca Paolazzi return on Saturday 10 September. Businesses, inflation, rates, markets, currencies: what will happen
THE HANDS OF THE ECONOMY OF AUGUST 2022 - The data - quantitative and qualitative - smell of recession, both in America and in Europe. Why, then, do markets not fret so much? Perhaps because they think that the weakness of the economy…
Great is the confusion under the economic sky: has inflation peaked or not? And is the recession really around the corner? What about interest rates, stock exchanges and the energy emergency? The hands of the economy will respond tomorrow 13 August on FIRSTonline to…
THE HANDS OF THE ECONOMY OF JULY 2022 - The United States is close to recession and Europe? The Fed goes straight and wants to kill inflation. But will the struggling economy do the Fed's job? Will the dollar über alles continue? The Russian gold embargo…
How long will the stock market turbulence last? What about inflation? Why is there a flight from the euro? Are central banks exaggerating? The answers of Galimberti and Paolazzi in Le Lancette dell'economia
THE HANDS OF THE ECONOMY OF JUNE 2022 - China is no longer the locomotive of the world economy. Will the US and Europe be able to avoid the recession? Inflation does not give up, driven by energy: will the slowdown in the economy also cool down prices? The banks…
On FIRSTonline on Saturday 11 June, the monthly analysis of short-term scenarios curated by Fabrizio Galimberti and Luca Paolazzi returns. Inflation, recession, rates, stock exchanges, currencies: what's going on?
ECONOMY HANDS FOR MAY 2022 - The pandemic has eased its grip and services activity is recovering but will the war in Ukraine push us back into recession? Inflation, in addition to eroding purchasing power, prevents…
In times of war, are you more concerned about the risk of recession or the resurgence of inflation? Tomorrow, Saturday 7 May, the hands of the economy will respond on FIRSTonline
THE HANDS OF THE ECONOMY FOR APRIL 2022 - The war in Ukraine brings down the confidence of households and businesses, and inflation drives up rates: is the recession approaching? Will Europe really do without Russian gas? How do the…
THE HANDS OF THE ECONOMY by Fabrizio Galimberti and Luca Paolazzi are back on FIRSTonline on Saturday 9 April. Will economic growth survive amid war in Ukraine and inflation?
THE HANDS OF THE ECONOMY OF MARCH 2022 - The war in Ukraine is rekindling inflation and hurting the recovery: what scenarios for the world economy? Which countries are most exposed? Will the commodity surge impact the price/wage spiral? How are they going to react…
What will be the effects of the Russia-Ukraine war on the economy? The hands of the economy by Galimberti and Paolazzi will answer on FIRSTonline on Saturday 12 March
THE HANDS OF THE ECONOMY OF FEBRUARY 2022 - The (re)election of Mattarella and the confirmation of Draghi-Franco at the helm of economic policy give the best guarantees to overcome the sudden slowdown at the beginning of 2022. What structural issues have come home to roost…
Why did the economy slow down at the beginning of the year? How will it come out? "The hands of the economy" by Galimberti and Paolazzi explain it on Saturday 12 February on FIRSTonline
The Omicron variant is rampant in the world: the health consequences are milder, will the economic ones be the same? Will it be the last year of the pandemic? What challenges, by now not new, await us? Will the flood of inflation flow back into calm prices? Why rates are…
Galimberti and Paolazzi, in the usual monthly column on FIRSTonline, will talk about the possible developments that await us this year on a global scale: will Omicron be the swan song of Covid? And what changes await us?
THE HANDLES OF THE ECONOMY OF DECEMBER 2021 - The new variant of SARS-Cov-2, which will not be the last, is forcing governments to take the unvaccinated head on, decreasing the risk of other closures. Inflation has struck more than once,…
Where is the economy really going in Italy and in the world? And where should you invest your savings these days? The hands of the economy by Fabrizio Galimberti and Luca Paolazzi respond on this and more on Saturday 11 December on FIRSTonline
Saturday 6 on FIRSTonline "The hands of the economy" by Fabrizio Galimberti and Luca Paolazzi will answer all the major questions on the economic situation: is there a risk of a loss of momentum or not? Are we facing temporary or structural inflation?
THE HANDS OF THE ECONOMY OF OCTOBER 2021 - From an anomalous crisis to an anomalous recovery held back by an anomalous shortage: the demand is there, the supply is lacking. And this shortage affects both GDP and inflation. What caused it? The…
The mad race in energy prices, demographic unknowns and other headwinds raise many questions about the strength of the economic recovery. The answers in Le Lancette dell'Economia
THE HANDS OF THE ECONOMY OF SEPTEMBER 2021 - The interweaving between stock exchanges and the economy sees a probable correction in prices before resuming a recovery justified by the fundamentals in favor of shares. What are these fundamentals? Rising inflation is a phenomenon…
How to manage savings in a period of great uncertainty like the current one and what is the relationship between stock market trends and the economy? Tomorrow, September 18, the hands of the economy by Fabrizio Galimberti and Luca Paolazzi will answer as always on FIRSTonline
THE HANDLES OF THE AUGUST 2021 ECONOMY - Despite the headwinds of the Delta variant, vaccines fight the pandemic and boost the economy. But the recovery is going to slow down, and when and where? And is America at risk more than the others? The courses of…
What does the backlit reading of Italy's midsummer pandemic and economic data suggest? Are we always booming or are Covid and inflation risking ruining the party? On Saturday on FIRSTonline, Le Lancette dell'economia, the historic column of…
THE HANDLES OF THE ECONOMY OF JULY 2021/2 - The rise of the infected catches Italy and the rest of the world in the acceleration phase of the recovery. What consequences will it have? Can the new danger be averted? As?
THE HANDLES OF THE ECONOMY FOR JULY 2021 - The economy is rising but the virus has fought back: will the recovery be derailed? Which countries are most at risk? Inflation goes back up: until when and for how long? Why are long-term rates staying low? Which…
Why are long-term rates still falling? What changes in the ECB's monetary policy paradigms? What impact will the spread of the Delta have on interest rates and stock markets? Will the Dollar Rise Continue?
Will producer and consumer prices continue to rise? Will the wages race start? What factors will calm each other?
Is the sky of economic recovery bright or darkened by the resurgence of the virus? And will inflation really remain a temporary phenomenon? These and other questions will be answered on Saturday 17 July by the historic column by Fabrizio Galimberti and Luca Paolazzi
THE HANDS OF THE ECONOMY OF JUNE 2021/3 - The acceleration of consumer prices is in the data, should it be stopped? What supports the rise in commodity prices? How is the main inflationary factor, i.e. the cost of labour, behaving?
THE HANDS OF THE ECONOMY OF JUNE 2021/2 - How soon will Italy's GDP return to the levels of the end of 2019? Which component of demand drives its recovery? What are the differences compared to the two previous recessions? Why Employment Will Struggle To…
THE HANDS OF THE ECONOMY FOR JUNE 2021 - What is the good news for the Italian economy? And is the virus really retreating around the world? Is the US economy at risk of overheating? What is behind the investment boom? Rising inflation will bring…
What good news is coming for the Italian economy? Is inflation really a danger? And are stock markets that grind records irrational? The answers on Saturday 12 June in the Lancette dell'economia by Galimberti and Paolazzi
THE HANDS OF THE ECONOMY FOR MAY 2021/3 - Will the price increases in raw materials set the price race in motion? What can prevent this? Which price index to watch? Because PMI indices are misleading.
THE HANDS OF THE ECONOMY FOR MAY 2021/4 - Why are rates falling in the US and rising in Europe? Why does the BTp/Bund spread go up? What factors are influencing the dollar exchange rate? Will the stock exchanges continue to break records? Gold does evidence of…
THE HANDLES OF THE ECONOMY FOR MAY 2021/2 - Because consumption will grow a lot. And in which sectors. The lack of chips gets in the way. And the sword of Damocles of the virus.
THE HANDS OF THE ECONOMY FOR MAY 2021/1 - Is the worst of the virus really over? Does the recovery continue? What aftermath will the Covid-19 crisis leave? Vaccines: will they be needed every year? Worrying about rising inflation? Why is the dollar losing share in…
What will happen to the recovery of the economy now that the anti-pandemic restrictions are easing? Is inflation really a risk? What about rates and stock exchanges? On Saturday 8 May, all these questions will be answered by the new edition of Fabrizio's Lancette dell'economia…
THE HANDS OF THE ECONOMY FOR APRIL 2021 - The indicators are positive: is the recovery upon us? Which countries/sectors are lagging behind? Why are infections starting to increase again in the world? Where are we with vaccinations? The appreciation of…
Where is the pandemic night on the economy? What about the recovery from the most violent recession ever experienced in modern times? Saturday 10 on FIRSTonline the hands of the economy by Fabrizio Galimberti and Luca Paolazzi respond
Will T-Bond Yields Rise Again? Will the Draghi effect on BTPs last? Does the dollar still have room to strengthen? Have the stocks started a correction? And will Bitcoin become a 'safe haven'?
Consumer prices will accelerate in the coming months, but it will be a flash in the pan: that's why. Those who fear and foresee a flashback of inflation do not consider the structural changes and the missing link in the chain that fuels it
Global growth continues and gains momentum, despite restrictions. But it is unequal. Which countries and sectors are doing better? And if and when the huge mass of savings is spent
THE HANDS OF THE ECONOMY OF MARCH 2021 - The specter of inflation is starting to shake the markets: will it be exorcised? Will the recovery – which is more convinced in America than in Europe – continue despite the new variants of the virus? Will rates rise again?…
What effect is the swing between anti-Covid closures and reopenings having on the economy? And is inflation waking up or is it just a paper tiger? But why are long-term rates rising? All this and more on Fabrizio Galimberti's Lancette dell'Economia and…
Why are T-Bond yields rising? Will the Draghi effect on BTPs last? Will the Dollar Rise Continue? Bags are in the odor fix? Will financial conditions still support the recovery?
Because inflation remains a tiger with feet of clay. What are the conditions for it to become a danger again? The virus has affected price measurement. Is it really relevant?
In the race for immunity and in the recovery, the USA clearly ahead of the Euro-area. Employment is crawling everywhere. Investments gallop
THE HANDLES OF THE ECONOMY OF FEBRUARY 2021 - If Mario Draghi's descent into the field led to the realization of what has already been written in the PNRR, then Italy's economic growth would accelerate decisively. In the world, recovery and vaccinations are proceeding, with…
How is the world economy progressing and what will change in Italy with the arrival of Mario Draghi at the helm of the new government? Tomorrow on FIRSTonline the hands of the economy by Fabrizio Galimberti and Luca Paolazzi will answer
THE HANDS OF THE ECONOMY FOR JANUARY 2021 - With the vaccine taking the field against the pandemic and the democratic victory in the USA, a lively recovery is expected in the second half of the year. But the journey back to normal is not…
New year mentions new for the economy? Saturday 9 January the hands of the economy of Fabrizio Galimbertio and Luca Paolazzi will answer on FIRSTonline
The speed of growth of the three major economic areas is increasingly differing. But the first quarter of 2021 will narrow the gap between the US and Europe, while China will continue the march. Manufacturing always skyrocketing and tertiary sector in stables.…
Saturday 12 December the last appointment of 2020 with the Lancette dell'economia, the historic economic analysis column edited by Fabrizio Galimberti and Luca Paolazzi.
How were rates and exchange rates positioned after the catchphrase (it still continues!) of the US elections? And what are the consequences of the second wave of Covid-19? BTP yields have fallen again: will they continue? Why is the yuan so strong? Stock exchanges underestimate…
Will the trend in consumer prices rise or not? The contrast between central bankers' wishes and investors' fears.
The twenty elements that distinguish the current phase of the economic situation, in which the new restrictions on social life fall, from that of last March-April.
THE HANDS OF THE ECONOMY OF NOVEMBER 2020 - Good and bad news for the economy. The recovery takes the form of one of the last letters of the alphabet. A new relay is underway between the USA and Europe. Asia Felix. Financial markets among surprises…
Saturday 14 November the new episode of the Lancette dell'economia by Fabrizio Galimberti and Luca Paolazzi will be released on FIRSTonline, answering all the main questions about the Italian and international economic situation
Will there be consequences on rates and exchange rates from the second wave of Covid-19? And from the outcome of the presidential elections in the USA? What are the factors that have crushed the yields of the BTp to historic lows? What's Behind the Yuan Soaring and…
Signs of rising prices in the USA. Frost in the Eurozone, discounts in Asia. Commodity prices on the rise, except the oil king. Costs of labor advance slowly, almost at a standstill
Consumption, investments and exports have restarted. Company accounts in order and large household savings: economic policies have done their duty well. And if Biden wins the US presidential election… But the trend of infections continues to keep uncertainty high…
THE HANDS OF THE ECONOMY OF OCTOBER 2020 - US growth - essential for pulling the world out of the Great Lockdown - could be more robust if Biden wins. But there are many unknowns. Meanwhile, exports and manufacturing in the world are buoyant…
How will the scenarios change if Trump is reconfirmed at the helm of the States or if, on the contrary, he goes home? The hands of the economy by Fabrizio Galimberti and Luca Paolazzi will answer tomorrow on FIRSTonline
The debate on the risk of inflation shows no sign of abating. Analyzes on the long-term effects of ultra-expansionary monetary policies are multiplying. The sweet death of the rentiers. And BCE looking in the rear view mirror.
The summer data confirm a sharp upward jump in activities compressed with the lockdown. But from here to return to pre-pandemic levels it runs. The obstacles that slow the return to those levels. The true trend of infections. The difference in…
What will be the consequences on interest rates and currencies of the new approach to US monetary policy? Will the ECB, which has just ensured that QE will continue unabated, follow the FED in the change of strategy? The dollar will continue its path towards 1,20…
THE HANDS OF THE ECONOMY IN SEPTEMBER - The FED has changed its strategy, with important consequences, including social ones. Now we need to understand the moves of the ECB, which is undergoing its strategic review. After a formidable rebound, economies face many…
There has been a rebound but how long will it take for the economy to return to pre-pandemic levels? The hands of the economy, the historic column by Fabrizio Galimberti and Luca Paolazzi, will answer on Saturday 12 September on FIRSTonle
THE HANDS OF THE ECONOMY IN AUGUST - The economic data indicate a slow recovery. But the rise of Covid-19 in Europe since mid-July indicates that holiday mobility is hampering a return of supply and demand to pre-crisis levels.…
The hands of the economy by Fabrizio Galimberti and Luca Paolazzi will answer the main questions that dominate the state and the Italian and international economic scenarios tomorrow, August 8, on FIRSTonline
THE HANDS OF THE ECONOMY OF JULY 2020 - The resurgence of the Coronavirus in many countries (but fortunately not in Italy) has once again clouded the prospects for economic growth. June economic data are good, but only because the increase…
Rates drop, conserving as infections return. Are they low enough? Does the spread below 170 indicate that the markets appreciate the Italian fiscal policy? Why is the dollar weak against both the euro and the yuan? Bags are…
In the financial markets, the fear of an inflationary wave predominates. Here are the reasons why it is not justified and why comparisons with the XNUMXs are inappropriate
The restart of the economy has begun, but it is conditional. Manufacturing and tertiary industries go back together. Italy has the pink jersey in the industry. The economies most dependent on exports and specialized in durable investment and consumer goods are having a hard time. As expected, precautionary savings are on the rise.
