Olav Dirkmaat

Olav Dirkmaat

Olav Dirkmaat is professor in economics at the Business School of Universidad Francisco Marroquín. Before, he was VP at Nxchange and precious metals analyst at GoldRepublic. He is also a PhD candidate in Economics at the Rey Juan Carlos University in Madrid. He has a master in Austrian Economics from the same university, as well as a master in Marketing from the VU University in Amsterdam. He is also the translator of Human Action of Ludwig von Mises into Dutch. He has a passion for investing, and manages funds for relatives, looking for investment opportunities in markets that are extremely over- or undervalued.



The Accounting Cycle and Financial Bubbles: On the Current Indifference on Accounting Methods

By Olav Dirkmaat on September 25, 2017

As long as the stock market is booming, businesses get away with shady accounting practices. What do the recent cases of Netflix, Tesla and Alphabet suggest about what phase of the business cycle we are in?

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US GDP Growth a Solid 3%, But Is Trouble Ahead?

By Olav Dirkmaat on September 4, 2017

The US economy is growing at a 3% annual rate. But are things as they seem?

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How OPEC Became Irrelevant: Traditional Oil Producing Countries Still Fail to Face the New Reality

By Olav Dirkmaat on June 13, 2017

The large traditional oil-producing countries — both OPEC and non-OPEC — are still catching up with the new reality. After deciding to extend the production cuts — agreed upon half a year ago — for another nine months, oil prices plunged below $50/barrel. Not quite the effect these oil giants were hoping for, but nothing out of the ordinary. After all, the fact is that supply and demand dynamics in the oil market have changed for good.

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Beyond the Bitcoin Hype: Limitations of Bitcoin and Blockchain Technology

By Olav Dirkmaat on May 1, 2017

A lot has been written about the benefits of cryptocurrencies such as Bitcoin and blockchain technology. Blockchain technology will no doubt revolutionize the world. It should be no coincidence that one of our recent guests to Universidad Francisco Marroquín, Nick Szabo, has labeled blockchain technology “the Napster of finance.” While recognizing the value of cryptocurrencies and blockchain technology,

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This Is What Businesses Are Doing with Record Corporate Debt

By Olav Dirkmaat on March 13, 2017

Last year, non-financial companies issued $674.3 billion in corporate debt, a new record high. Low interest rates are wrecking the allocation of capital: the increase in debt is not used to invest, but rather to distribute cash to shareholders. However, there is one important caveat to this whole scheme that will threaten the U.S. economy.

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The European Central Bank Is Close to Committing Suicide – Here’s Why

By Olav Dirkmaat on July 20, 2016
ECB Is Committing Suicide

The European Central Bank embarked upon an enormous expansion of its balance sheet and is now running into its limits: there are simply not enough (eligible) assets to buy. How much time has ECB-chairman Mario Draghi left?

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The Recent Rise in Delinquency Rates on Bank Loans Is Shocking (Is a New Banking Crisis Imminent?)

By Olav Dirkmaat on June 27, 2016

The delinquency rate on loans is key in understanding banking. What percentage of loans is overdue for payment? And is a new banking crisis imminent?

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