Föhrenbergkreis Finanzwirtschaft

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Archive for 1. April 2019

IWF: Bargeldverbot ab 2020

Posted by hkarner - 1. April 2019

Weil Zinsen immer mehr ins Minus rutschen will der Internationale Währungsfonds (IWF) in den größten Währungsräumen (Dollar, Euro, Yen) das Bargeld abschaffen. Damit soll die Flucht in Cash verhindert werden.

Weltweit rutschen die Zinsen weiter ins Minus. Immer mehr Banken verlangen von ihren Kunden Negativzinsen. Derzeit werden besonders bei hohen Kontoständen jährlich bis 0,4% abgezogen. Bei kleineren Kontoständen gibt es derzeit Ausnahmen, doch diese fallen bald weg, da die Notenbanken wegen Rezession die Zinsen immer tiefer ins Minus drücken.

Schon jetzt gibt es einen heimlichen Bankrun, heißt es in einem EZB-Geheimreport. Obwohl der 500er bald abgeschafft werden soll sind derzeit über 600 Millionen dieses größten Euro-Scheins im Umlauf (Entspricht einer Cash-Summe 300 Mrd.). Denn auch wenn er nicht mehr gedruckt wird, behält der Schein seinen Wert und kann jederzeit umgetauscht werden. Den Rest des Beitrags lesen »

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Was the Stock-Market Boom Predictable?

Posted by hkarner - 1. April 2019

Robert J. Shiller, a 2013 Nobel laureate in economics, is Professor of Economics at Yale University and the co-creator of the Case-Shiller Index of US house prices. He is the author of Irrational Exuberance, the third edition of which was published in January 2015, and, most recently, Phishing for Phools: The Economics of Manipulation and Deception, co-authored with George Akerlof.

While the conventional wisdom holds that it is never possible to „time the market,“ it might seem that major shifts – like the quadrupling of the US stock market over the last decade – should be at least partly foreseeable. Why aren’t they?

NEW HAVEN – Should we have known in March 2009 that the United States’ S&P 500 stock index would quadruple in value in the next ten years, or that Japan’s Nikkei 225 would triple, followed closely by Hong Kong’s Hang Seng index? The conventional wisdom is that it is never possible to “time the market.” But moves as big as these, it might seem, must have been at least partly foreseeable.

The problem is that no one can prove why a boom happened, even after the fact, let alone show how it could have been predicted. The US boom since 2009 is a case in point. Den Rest des Beitrags lesen »

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France’s Golden Boy Learns How to Fight

Posted by hkarner - 1. April 2019

Date: 31-03-2019
Source: SPIEGEL

Macron Debates His Way Out of The Yellow-Vest Crisis

When faced with the anger of the yellow-vests movement, French President Emmanuel Macron was almost taken down by his own hubris.
Now he has emerged from the crisis with a new fighting spirit, marking a turning point for him — and for the country.

It feels like he’s always being hounded by this face, its smooth features, the straight nose, the pronounced jawbone. „You’re posing everywhere as if you were a model for a mail-order catalogue,“ writes François Ruffin.

Ruffin hates the French president with a passion, and he makes no effort to conceal it.

He describes his loathing for the French president as something „physical“ — a deeply visceral reaction. And he’s by far not the only one. According to Ruffin, this hate „has become a political fact.“ Den Rest des Beitrags lesen »

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China’s “social credit” scheme involves cajolery and sanctions

Posted by hkarner - 1. April 2019

Date: 29-03-2019
Source: The Economist

Some people shrug it off, others worry

Just over a year ago, the eastern city of Suqian announced a plan to score the “trustworthiness” of every adult resident. Everyone would start with 1,000 points. They could get more for performing good deeds, such as voluntary work, giving blood, donating bone-marrow or being a model worker. Points would be deducted for bad behaviour such as defaulting on loans, late payment of utility bills, breaking the rules of the road or being convicted of a crime. Scores would be recalculated monthly and allow residents to be sorted into eight categories, from aaa (model citizen) to d (untrustworthy).

Suqian calls the system “Xichu Points”, after the ancient kingdom of Western Chu to which the area once belonged. It appears to be up and running. A government office in the city offers leaflets explaining how it works. Residents can look up their rating by entering their identity-card number into a mini-app running on WeChat, a popular instant-messaging programme. Their score is indicated by a virtual pointer on a dial that is coloured green at one extreme and red at the other. Scorers at the green end can receive rewards, such as a discount of up to 80 yuan ($12) a month on local-transport passes and admission to hospital without having to pay a deposit. Den Rest des Beitrags lesen »

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