Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 2. April 2019

Global Growth Faces Fresh Threat as Industrial Downturn Spreads

Posted by hkarner - 2. April 2019

Date: 01-04-2019
Source: The Wall Street Journal

Downturn has gripped factories in the eurozone as well as major Asian exporters such as Japan and South Korea

Factory activity in much of the world shrank last month, stirring fears that a rebound in manufacturing in China won’t be enough to stave off a sharp slowdown in global economic growth this year.

Fresh figures Monday showed that an industrial downturn has gripped factories in the eurozone’s biggest countries, including Germany, the region’s economic powerhouse, as well as major Asian exporters such as Japan and South Korea. The new data added to expectations that central banks will continue to loosen monetary policy to combat the slowdown.

March surveys of purchasing managers at factories around the world showed a pickup in activity in China and other regional economies with which it has close links, including Indonesia, the Philippines and Thailand. Den Rest des Beitrags lesen »

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

Public debt through the ages

Posted by hkarner - 2. April 2019

Barry Eichengreen, Asmaa El-Ganainy, Rui Esteves, Kris Mitchener 01 April 2019, vox.eu

Sovereign debt is a Janus-faced asset class. In the best of times, it relaxes the domestic constraint on saving, smooths consumption, and finances investment. Investors see it as a safe haven, as delivering ‘alpha’, and as a means of portfolio diversification. In the worst of times, it is associated with debt overhangs, banking collapses, exchange rate crises and inflationary explosions.

In a world still reeling from the Global Crisis, the policy debate has been dominated by the downside risks from excessive debt accumulation – be these growth slowdowns (Panizza and Presbitero 2013), financial instability (Brunnermeier et al. 2016), or debt default (IMF 2013, Eichengreen et al. 2018), although now there may be renewed appreciation of the uses and scope for accumulating debt (Blanchard 2019). Den Rest des Beitrags lesen »

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

In Europe’s Nationalist Hotbed, Slovakia Takes a Liberal Turn

Posted by hkarner - 2. April 2019

Tanks God! Is this the turn of the tide? The same is happening in Serbia. (hfk)

Date: 01-04-2019
Source: The Wall Street Journal

Zuzana Caputova, an environmental lawyer, is elected as first female president

Zuzana Caputova won an election to become Slovakia’s first female president on Saturday.

Slovakia elected its first female president, a liberal and pro-European anticorruption candidate whose rise is seen as a rebuke of the conservative nationalism remaking its larger neighbors.

Though the role of president in Slovakia is constitutionally limited, the victory of Zuzana Caputova was seen as a striking, if isolated political shift for Central and Eastern Europe, a region of former Communist countries that has been ground zero for a new nationalism spreading on the continent.

Hungarian Prime Minister Viktor Orban and Poland’s Law and Justice party have each managed to win sweeping majorities in their respective parliaments by promising to keep out Muslim immigrants and entrench Christian conservatism at home. A half dozen candidates made the same pledge during Slovakia’s first-round election, including Ms. Caputova’s chief rival.

In contrast, Ms. Caputova touted her social liberalism as proof that she was different from Slovakia’s political class, which has been inundated with corruption scandals. The environmental lawyer, who came to prominence when opposing the expansion of a landfill in her small town, promoted gay rights in a country with minimal support for same-sex marriage, and argued that Slovakia had some obligation to help its European neighbors by taking in refugees. Den Rest des Beitrags lesen »

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