The stock markets continue to push aside with all their power the fact that with the de facto standstill of China’s economy, hard times will also come to the West. This is based on two premises. Firstly, the problem with the coronvirus will soon be over. This is exactly what China’s propaganda claims. And secondly, the central banks would stand ready and solve the problem. Although China’s central bank has cut interest rates, it has at the same time made it clear that there will not be a major stimulus and that the belt needs to be tightened instead. The European stock markets are on their own today. It is a holiday in the USA.
Let`s have a look at the ifo Index (most important German economic barometer). For the month of February it stands at 96.1 points. The forecast was 95.3; previous month was 95.9. The current assessment of […]
A new study by the New York Fed shows that it’s not China’s companies that pay the cost of punitive tariffs, but US companies (and to a lesser extent US consumers)! This is in direct […]
The United Arab Emirates (UAE) and especially Dubai have always stood for credit-driven megalomania and superficial growth myths. This myth was severely dampened when loans dried up in 2008 and Dubai was on the verge […]