Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 3. September 2017

The Rising Price of Trump’s Border Wall

Posted by hkarner - 3. September 2017

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German ‘Economic Juggernaut’ Sends Domestic Stocks Surging Above Exporters

Posted by hkarner - 3. September 2017

Date: 02-09-2017
Source: The Wall Street Journal

While a stronger euro weighs on Germany’s export champions, companies exposed to the domestic economy are having a stellar year

The German economy is famous as an export powerhouse–but this year, in the country’s stock markets, the companies closest to home are outperforming their internationally-focused peers by a mile.

The country’s flagship equity index, the DAX, is up by just 5% for 2017 so far. Meanwhile, the FTSE Local Germany has returned 23% since the year began.

The growing strength of the euro and the still-improving picture for the German domestic economy have both helped drive a wedge between the two indexes. Den Rest des Beitrags lesen »

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Don’t Blame the Robots

Posted by hkarner - 3. September 2017

Date: 01-09-2017
Source: Foreign Affairs

How Housing Prices and Market Power Explain Wage Stagnation
By Sahil Mahtani and Chris Miller

Six months ago, Microsoft’s Bill Gates proposed a robot tax, on the grounds that if workers pay taxes, so too should the machines that take their jobs. Such a policy would, in Gates’s words, “slow down the speed” of automation, thereby allowing societies to “manage [the] displacement” of workers. The idea speaks to a widespread sense that the labor market isn’t working like it used to.

But since Gates made his statement, it has become clear that taxing technology entails a comically large number of problems. One is that robots can both reduce and increase the demand for human labor. Search algorithms reduced the need for travel agents, but Uber increased demand for drivers. It is impossible to determine ex ante which robots to tax. Den Rest des Beitrags lesen »

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Saving the International Economic Order

Posted by hkarner - 3. September 2017

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