The stock markets no longer reflect what is happening in companies and the economy. Instead, they have become a pure bet on central bank policy – says Markus Krall in a discussion with Florian Homm. With the destruction of the interest, Krall says, the previous economic system will in fact be abolished with serious consequences for the future. We should therefore not be blinded by rising asset prices for shares and real estate.
The (german) discussion is about zero interest rate policy and its consequences for markets and society. And about markets that are becoming more and more nervous (which Florian Homm finds positive). And finally about the question whether assets in the Eurozone are still safe at all. Markus Elssässer will also be there: