While there is never a good time for a pandemic, the COVID-19 crisis has arrived at a particularly bad moment for the global economy. The world has long been drifting into a perfect storm of financial, political, socioeconomic, and environmental risks, all of which are now growing even more acute. … Nouriel Roubini, hier
Billionaire Ray Dalio believes we are hitting a depression similar to that of the 1930s, which will take years of financial and economic reconfiguration and human ingenuity to recover fro. mehr hier
“….Die Volkswirte des IWF sagen der deutschen Wirtschaft einen noch stärkeren Einbruch voraus als die heimischen Forscher. Nur zwei große Volkswirtschaften können dieses Jahr noch auf Wachstum hoffen. mehr hier
Minus 24% beim BIP, 9% Arbeitslose : Eher schaurige Prognosen der großen US-Banken, hier
Is the world economy heading for the rocks of recession, mass default and financial collapse? Global bond markets might seem to suggest quite unprecedented downward pressure, worse than in the Great Depression of the 1930s, on economies.“ – bto: Auch auf die Gefahr hin, dass ich in meinen Sorgen immer extremer werde, denke ich, dass wir uns in der Tat vor Problemen befinden, die noch größer sind als in den 1930er-Jahren. Wir haben auch mehr Erfahrung und Instrumente. Aber es ist brandgefährlich. mehr hier
„For these reasons, I believe that monetizations of debt and currency depreciations will eventually pick up, which will reduce the value of money and real returns for creditors and test how far creditors will let central banks go in providing negative real returns before moving into other assets.“ – bto: was man durch die Begrenzung von Bargeld verhindern will. mehr hier
The Greek people have just lived through a Depression as deep as the Great Depression and considerably longer. It is now the greatest recorded peacetime Depression. weiter hier
“In an exclusive interview with Money Morning, Jim Rickards, the CIA’s Financial Threat and Asymmetric Warfare Advisor, has stepped forward to warn the American people that time is running out to prepare for this $100 trillion meltdown. “Everybody knows we have a dangerous level of debt. Everybody knows the Fed has recklessly printed trillions of dollars. These are secrets to no one,” he said….” (hier)
“….Italy must look after itself. It can recover only if it breaks free from the EMU trap, retakes control of its sovereign policy instruments and redominates its debts into lira, with capital controls until the dust settles….” (Der “Telegraph” über Italiens schwere Krise)
“…..Wochenenden sind vor allem für Bildungsbürger eine Qual. Wenn die einen entspannen, beginnt für andere das Leiden an der Freizeit: Was soll man anfangen, wenn die Spannung der Woche nachlässt?…” (hier)