“… Immer wieder werden die Begriffe Inflation und Teuerung durcheinander geworfen. Wenn beispielsweise der Rohölpreis steigt, weil weniger Rohöl angeboten wird, aber die Nachfrage nach Rohöl unverändert bleibt, dann ist das kein inflationärer Vorgang, sondern eine rein marktbedingte Reaktion, eine für die Verbraucher zwar unerfreulich zwangsläufige, aber ganz normale Teuerung. … > weiter lesen
Americans are becoming more worried about inflation than ever following the Federal Reserve and the federal government’s unprecedented response to the virus pandemic downturn by plowing trillions of dollars into the economy. As a result, prices of financial assets and items in the real economy have soared over the last … > weiter lesen
Central banks have artificially depressed sovereign bond yields for years. Now, a small rise in yields can cause a massive market slump that evolves into a financial crisis. weiter hier
If you thought that authorities all over the planet could print, borrow and spend money like there was no tomorrow without any consequences, you were being delusional. Since the beginning of the COVID pandemic, we have witnessed the greatest monetary binge in world history. Of course that was going to … > weiter lesen
From time-to-time historically, national authorities have resorted to financing by their central bank to cover budget shortfalls. Another word for this is monetization of debt or deficit-financing by the central bank. mehr hier
In certain parts of the world, housing prices have risen much faster than household incomes,making home ownership increasingly more difficult for the average Joe. Using data from Demographia published in 2020, this graphic from Visual Capitalist’s Carmen Anglooks at some of the world’s most expensive housing markets.
“So, all those people who say there’s nothing to worry about, there’s no inflation, look what’s happening to labor costs. Look what’s happening to oil prices. Bond yields are rising despite weaker than expected economic data. All of this smells like stagflation. But the market doesn’t care because everything is … > weiter lesen