Bilibók Botond: global financial repression to come

Bilibók Botond, CEO of the Concorde Asset Management Ltd. (Concorde Alapkezelő Zrt.) spoke about the background of the economic crisis, and about the global business environment in his presentation held on the first day of the Laurel Retail Conference.

According to the specialist, within a few years we can learn about the concept of global financial repression from a closer point of view. It is not the first time that such an international environment occurred as now, there were two such phenomenas in the 20th century – Bilibók Botond pointed out. The specialist said that any serious crisis develops with the appearance of a liquidity problem, which develops into a social-economic problem.