Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 5. Mai 2017

Goldman-Chef: „Finanzplatz London wird auf der Stelle treten“

Posted by hkarner - 5. Mai 2017

Die US-Investment-Bank habe Notfallpläne bereit, sagte Vorstandschef Lloyd Blankfein. Viele Banken zieht es nach Frankfurt.

 Die US-Investmentbank Goldman Sachs erwartet eine Beeinträchtigung des Finanzplatzes London durch den EU-Austritt Großbritanniens. „Er wird auf der Stelle treten“, sagte Vorstandschef Lloyd Blankfein einem BBC-Bericht von Freitag zufolge. „Er könnte auch ein bisschen schrumpfen. Das hängt von vielen Dingen ab, worüber wir noch unsicher sind.“

Goldman setze sich für eine mehrjährige Umsetzungsphase ein,
sobald der Brexit unter Dach und Fach sei, ergänzte Blankfein.
Sein Haus habe „Notfallpläne“ für den Umzug von Mitarbeitern,
sollte der Ausgang der Verhandlungen zwischen EU und
Großbritannien dies erfordern. Goldman beschäftigt derzeit 6500 Mitarbeiter in Großbritannien. Den Rest des Beitrags lesen »

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What’s the Matter With Europe?

Posted by hkarner - 5. Mai 2017

Date: 05-05-2017
Source: The New York Times By Paul Krugman

On Sunday France will hold its presidential runoff. Most observers expect Emmanuel Macron, a centrist, to defeat Marine Le Pen, the white nationalist — please, let’s stop dignifying this stuff by calling it “populism.” And I’m pretty sure that Times rules allow me to state directly that I very much hope the conventional wisdom is right. A Le Pen victory would be a disaster for Europe and the world.

Yet I also think it’s fair to ask a couple of questions about what’s going on. First, how did things get to this point? Second, would a Le Pen defeat be anything more than a temporary reprieve from the ongoing European crisis?

Some background: Like everyone on this side of the Atlantic, I can’t help seeing France in part through Trump-colored glasses. But it’s important to realize that the parallels between French and American politics exist despite big differences in underlying economic and social trends. Den Rest des Beitrags lesen »

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„Die Märkte könnten den Euro in 48 Stunden zerstören“

Posted by hkarner - 5. Mai 2017

Date: 05-05-2017
Source: SPIEGEL
Subject: Möglicher Wahlsieg Le Pens

„Die Märkte könnten den Euro in 48 Stunden zerstören“

Gewinnt Marine Le Pen am Sonntag die Präsidentschaftswahl, droht Europa die wirtschaftliche Kernschmelze: Investoren würden aus Frankreich und Südeuropa fliehen, warnt der Ökonom Henrik Enderlein.

Wie geht es weiter mit Frankreich, Deutschland und Europa? Im November 2014 stellte der damalige französische Wirtschaftsminister Emmanuel Macron gemeinsam mit seinem deutschen Amtskollegen Sigmar Gabriel (SPD) bei Paris ein Strategiepapier vor, das eine Antwort auf diese Frage geben sollte.

Es skizzierte ehrgeizige Wirtschaftsreformen für Frankreich, aber auch für Deutschland. Vieles daraus hat der Präsidentschaftskandidat Macron inzwischen in sein Wahlprogramm übernommen. Bilder von damals zeigen Gabriel und Macron in freundschaftlicher Pose, flankiert von zwei Wirtschaftsexperten, die das Papier geschrieben hatten. Den Rest des Beitrags lesen »

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Why Did Trump Accept Venezuela’s Money?

Posted by hkarner - 5. Mai 2017

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Europe’s New Hope?

Posted by hkarner - 5. Mai 2017

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Will ‘Trumponomics’ Bankrupt America?

Posted by hkarner - 5. Mai 2017

Dank an H.F.

04.05.2017 Author: F. William Engdahl, NEO

The campaign promises were grandiose just like the candidate. Donald Trump wooed millions of American voters with his pledge to “make America great again.” He promised a $1 trillion infrastructure plan to revitalize the de facto depressed national economy. He promised to bring jobs back from China, Mexico and elsewhere by renegotiating major trade deals or scotching them entirely as with the Trans-Pacific Partnership of the Obama era, a scheme which Trump rightly said would take even more American jobs. After 100 days in office what are the prospects that his economic program will bring positive changes to Americans?

Dismal to put it mildly. Of course that should come as no shock to anyone taking a closer look at who is Trump, or more correctly his transition team brought in to run White House economic policy.

That Dubious Wall Street Economics Team Den Rest des Beitrags lesen »

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Strong Growth Propels Europe’s Economy Toward Health

Posted by hkarner - 5. Mai 2017

Date: 04-05-2017
Source: The Wall Street Journal

1st-quarter GDP expansion is the latest sign indicating the eurozone has turned a corner after years of crisis and slow recovery

Rising consumer confidence in Europe’s economy has helped drive car sales, which has contributed to a brighter growth outlook in the eurozone. An Opel automobile dealership in Berlin. Peugeot agreed to buy the Opel brand from General Motors in March.

Signs of economic revival in the euro currency zone are multiplying, indicating that Europe is finally healing from a crisis-racked decade.

The 19-country eurozone enjoyed a second successive quarter of strong growth in early 2017, outpacing the U.S. Business surveys point to a further acceleration in the current quarter. Markets are rising strongly as confidence in the economic outlook swells. Corporate earnings are rising briskly from a year ago. Den Rest des Beitrags lesen »

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On Climate, Uncertainty Is Not the Same as Agnosticism

Posted by hkarner - 5. Mai 2017

Date: 04-05-2017
Source: The Wall Street Journal

Greg Ip disagrees with Bret Stephens: uncertainty does not negate the case for climate action

Climate models generally assume the relationship between damage and temperature is nonlinear, that is each added degree of warming is more destructive than the last, Greg Ip writes.

Our former colleague Bret Stephens has stirred a hornet’s nest at his new home, The New York Times, with a column that challenged the certainty with which many climate-change activists make their case and compared them to Hillary Clinton’s hubristic campaign advisers.

But while I agree with his central point, I don’t agree with the implication: that uncertainty negates the case for policy action. Yes, religious conviction is too often attached to the apocalyptic scenarios embedded in many climate forecasts. A freak weather event such as a warm April or Superstorm Sandy often becomes a clarion call to action, when science doesn’t support the link. Den Rest des Beitrags lesen »

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