Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 13. Januar 2018

US-Ökonom Jeffrey Sachs: Bitcoin-Blase wird letztlich platzen

Posted by hkarner - 13. Januar 2018

12. Jänner 2018, 14:42 standard.at

Die Regierungen würden ihr Monopol auf gesetzliche Zahlungsmittel nicht aufgeben und daher stärker gegen Digitalwährungen vorgehen

Wien – Nach den gewaltigen Kursgewinnen des vergangenen Jahres sieht der US-Ökonom Jeffrey Sachs in der der Kryptowährung Bitcoin „nichts anderes als eine Blase, die letzten Endes in sich zusammenfallen wird“. Sein Hauptargument: Die Regierungen würden ihre Ansprüche auf ein Monopol bei gesetzlichen Zahlungsmitteln nicht aus der Hand geben und daher immer stärker gegen Bitcoin vorgehen, sagte Sachs in einem Kommentar mit Blick auf China und Südkorea. In beiden Staaten gehen die Behörden bereits gegen Kryptowährungen vor oder ziehen dies immer stärker in Erwägung. Auch die US-Finanzaufsicht beginnt, nachdem sie lange Zeit untätig zugesehen habe, sich Sachs zufolge wegen der fehlenden Regulierung von Bitcoin & Co zunehmend zu sorgen.

Anonymität als Schwäche

Denn, so der Ökonom, in der von Anhängern von Kryptowährungen geschätzten Anonymität von Bitcoin liege gleichzeitig auch eine entscheidende Schwäche. Die Regierungen würden darauf bestehen, Geldflüsse nachvollziehen zu können, um Wirtschaftskriminalität, Steuerhinterziehung oder Terrorismus bekämpfen zu können. Gleichzeitig räumte Sachs ein, dass manche Regime diese Möglichkeiten auch zur Überwachung politischer Gegner einsetzen würden. Den Rest des Beitrags lesen »


Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

How the Eurozone Might Split

Posted by hkarner - 13. Januar 2018

Date: 12-01-2018
Source: Foreign Affairs By Mark Blyth and Simon Tilford

Could Germany Become a Reluctant Hegemon?

In February 2016, the Organization for Economic Cooperation and Development opined that developed country growth prospects had “practically flat-lined” and that only a stronger “commitment to raising public investment would boost demand and help support future growth.” Fast-forward some 24 months, and despite Brexit, the election of U.S. President Donald Trump, and the rise of the populist Alternative für Deutschland in Germany, the euro seems to be a much better bet than it has been in a long time. But has the euro really weathered the crisis and come out stronger? In this article, we make two interrelated arguments about the future of the eurozone.

The first is that even if the recent economic upturn continues, the eurozone could still split in two over the medium to long term thanks to a built-in design flaw in the eurozone architecture that makes it extremely difficult for the eurozone governors to deal with persistent export and import imbalances between states. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , , | Leave a Comment »

Stephen Bannon had a chance to make American politics better. He made it much worse

Posted by hkarner - 13. Januar 2018

Date: 12-01-2018
Source: The Economist: Lexington
Subject: Banished Bannon

A FAN of military history, Stephen Bannon may know of Nikephoros, a Byzantine emperor who was vanquished and decapitated by a Bulgar khan who, for extra humiliation, then fashioned his skull into a drinking cup. President Donald Trump’s erstwhile muse might even feel he has experienced something similar, at the end of a week in which he has been denounced and excommunicated by the president, jettisoned by his conservative benefactor, Rebekah Mercer, and, on January 9th, shunted from his position at the helm of Breitbart News, a hard-right website which gained huge exposure from his former success. The same day, in a jaw-dropping televised meeting with congressional leaders, Mr Trump airily suggested he might support a package of liberal immigration reforms. This was the modern-day equivalent of supping from Mr Bannon’s gilded skull.

The spur to his demise was Mr Bannon’s lead role in briefing Michael Wolff, author of the caustic takedown of the Trump administration, “Fire and Fury”, that has titillated Washington and enraged the president. Mr Bannon offended especially by describing a meeting between Russian operatives and members of the Trump campaign team, including the president’s eldest son and son-in-law, as “treasonous”, “unpatriotic” and “bad shit”. The Trump team had previously dismissed it as a non-event. Yet Mr Bannon’s astonishing rise to, arguably, the second-most-powerful position in America, and precipitous fall need to be understood more broadly, especially by the Republican Party.
Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »

India has a hole where its middle class should be

Posted by hkarner - 13. Januar 2018

Date: 11-01-2018
Source: The Economist

That should worry both government and companies

AFTER China, where next? Over the past two decades, the world’s most populous country has become the market qua non of just about every global company seeking growth. As its economy slows, businesses are looking for the next set of consumers to keep the tills ringing.

To many, India feels like the heir apparent. Its population will soon overtake its Asian rival’s. It occasionally grows at the kind of pace that propelled China to the status of economic superpower. And its middle class is thought by many to be in the early stages of the journey to prosperity that created hundreds of millions of Chinese consumers. Exuberant management consultants speak of a 300m-400m horde of potential frapuccino-sippers, Fiesta-drivers and globe-trotters. Rare is the chief executive who, upon visiting India, does not proclaim it as central to his or her plans. Some of that may be a diplomatic dose of flattery; much of it, from firms such as IKEA, SoftBank, Amazon and Starbucks, is sincerely meant. Den Rest des Beitrags lesen »

Posted in Artikel | Verschlagwortet mit: , , , | Leave a Comment »