The coronavirus will initiate the relative decline of the US as the dominant world power so far. And today we should see this decline in concrete figures for the first time. The US initial applications for unemployment benefits are likely to have been between 1.5 million and 4.2 million last week (and will probably continue to rise). It is the coronavirus that will fundamentally challenge the US business model. Living beyond one’s means with massive consumption and even more massive debt. The USA has the most to lose, the drop is immense. This also and especially applies to the US stock markets, which are still highly valued.
If the Phase 1 deal is signed today ( 5:30) pm, the stock markets might see some profit taking. Yesterday already, this profit-taking began on the US stock markets with the announcement that the existing […]
The traditional savings behaviour of Germans – but does a rethink in the near future make any sense at all?
The German saver is in an awkward position: interest rate investments will not yield a return in the foreseeable future, but perhaps the German stock markets will too. A survey conducted by the DEKA Investment […]
The US is well ahead of Europe in the economic cycle. This can be seen from the fact that the US began its economic recovery much faster after the financial crisis. The official labour market […]