Since the world’s first CCTV camera was installed in Germany in 1942, the number of surveillance cameras around the world has grown immensely. In fact, as Visual Capitalist’s Avery Koop notes, it only took us 79 years to go from one camera to nearly one billion of these devices. Interaktiver … > weiter lesen
The Federal Reserve’s official target rate of inflation is 2% per year. Put another way, that means that if the Fed hits its target, the value of today’s dollar will only be worth around a third of its current value in 50 years. Think that can’t happen? It already has. … > weiter lesen
The latest chapter in the ridesharing soap opera that continues to play out across the U.S. (and notably California, where a court just ruled that drivers must be made employees, and not contractors) has arrived in the form of a U.S. Civil Rights Act lawsuit filed against Uber for – … > weiter lesen
It is a given that you should never mention the “R” word. People immediately assume you mean the end of the world: death, disaster, and destruction. Unfortunately, the Federal Reserve and the Government also believe recessions “are bad.” As such, they have gone to great lengths to avoid them. However, … > weiter lesen
What is more notable is that earlier today, the ECB lobbed another trial balloon via its favorite media outlet, Reuters, in which we read that a new mutiny may be forming within the ECB, where the doves find Lagarde not dovish enough, while the hawks demand a prompt retraction of … > weiter lesen
In recent weeks, there has been a lot of talk about the role of the world’s central bankers going forward. With that in mind, now seems like a good time to recap the market bailout operations during the past few years… to get some insights into how this all ends … > weiter lesen
In Germany, one of the few European economies that has weathered the virus crisis reasonably well, an estimated 550,000 firms – roughly one-sixth of the total – could already be classified as “zombies”, according to research by the credit agency Creditreform. It’s a similar story in Switzerland. mehr hier
According to a newly released study, researchers at Massachusetts General Hospital have discovered that Internet searches on gastrointestinal symptoms predicted a rise in confirmed COVID-19 cases weeks later with a surprisingly high degree of regularity. mehr hier
We have been watching, with disbelief and bemusement, how the “recovery-narrative” has been touted in the financial media and among some economists and analysts. Categorically, an economic recovery is a period of expansion, where we eventually exceed the previous peak in employment and output. There’s no such thing … > weiter lesen
Given the way the euro has been rallying in the foreign exchange markets over the past three months, you would be forgiven for thinking the currency has become a beacon of stability in uncertain times. You couldn’t be further from the truth. mehr hier
It’s emerging on Monday that Trump’s plane had a near-miss with a small drone on Sunday as it approached Washington DC for landing. Multiple people on board Air Force One reported seeing a yellow and black device flying nearby, said to be shaped like a cross, which came just … > weiter lesen