The Corona crisis gives a new dimension to the now longer-paused trade war between the USA and China. The Trump administration increasingly tightens the tone against China, and Beijing “shoots back”. We are now witnessing the relative decline of the USA and the rise of China as a superpower on a par with the USA. The Corona crisis is an accelerator of this already initiated development. However, this cannot happen without a huge earthquake. Because the relatively declining superpower (the USA) will resist this decline with all its might. Otherwise, the stock markets, especially on Wall Street, will follow a pattern. Tech stocks will continue to rise, but towards the end of trading the profits of the US indices will then melt away significantly. Today, the focus is on the US first-time applications for unemployment benefits.
Markus Koch tries his summary of what is important today on Wall Street, first without sound. But then he quickly notices that he “comes across” very quietly by his standards. Koch talks about the Western […]
Yesterday’s stock market rally has a nasty aftertaste. Shortly after the US pharmaceutical company Moderna announced that it had made new advances at an extremely early stage in the development of a vaccine. The company […]
Why Donald Trump with his economic philosophy from the 1980s is “behind the curve”! It sounds absurd in the age of globalization. A study by the McKinsey Global Institute shows that trade in goods transported […]