Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 19. Dezember 2019

Wegen Niedrigzinsen: Große Löcher in europäischen Pensionskassen

Posted by hkarner - 19. Dezember 2019

18.12.2019, kurier.at

Stresstest der Aufsicht EIOPA: Bei widrigem Börsen-Szenario könnten in Pensionstöpfen plötzlich bis zu 216 Mrd. Euro fehlen.

In den europäischen Pensionsfonds und Pensionskassen klaffen nach den Erkenntnissen der Aufsichtsbehörde EIOPA angesichts der niedrigen Zinsen Milliarden-Löcher. Das hat ein Stresstest gezeigt, den die EU-Versicherungs- und Pensionsfonds-Aufsicht am Dienstag in Frankfurt vorgestellt hat.

In dem Stresstest simulierte die EIOPA den Fall, dass die Zinsen für kurzlaufende Anleihen plötzlich in die Höhe schnellen und die Risikoaufschläge für solche Papiere steigen. Dadurch würde der Wert der niedriger verzinsten Anleihen in den Beständen der Pensionskassen fallen.

Viertel des Kapitals weg

Den Rest des Beitrags lesen »

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

Boris Johnson and the Great Realignment

Posted by hkarner - 19. Dezember 2019

Date: 18‑12‑2019

Source: The Wall Street Journal By William A. Galston

Working‑class voters again cast their lot for nationalism and against socialism.

The revolt of the working class against the center‑right/center‑left establishment is the biggest political story of the past decade. For the most part, the working class has moved right rather than left, fueling the growth of conservative populism throughout the West.

Last week’s U.K. general election underscores this shift. As an analysis by the Financial Times shows, there was a strong correlation between a district’s share of working‑class voters and the swing toward the Conservative Party. In seats with high shares of these constituents, the Labour vote share declined on average by 14 points.

This shift has momentous policy consequences. With working‑class voters ascendant in conservative coalitions, nationalism beats socialism, and government spending trumps austerity. Den Rest des Beitrags lesen »

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

2019 in Review: The Global Economy Explained in 5 Charts

Posted by hkarner - 19. Dezember 2019

By Gita Gopinath, Gian Maria Milesi-Ferretti, and Malhar Nabar

Global growth this year recorded its weakest pace since the global financial crisis a decade ago, reflecting common influences across countries and country-specific factors.

Rising trade barriers and associated uncertainty weighed on business sentiment and activity globally. In some cases (advanced economies and China), these developments magnified cyclical and structural slowdowns already under way.

Further pressures came from country-specific weakness in large emerging market economies such as Brazil, India, Mexico, and Russia. Worsening macroeconomic stress related to tighter financial conditions (Argentina), geopolitical tensions (Iran), and social unrest (Venezuela, Libya, Yemen) rounded out the difficult picture. Den Rest des Beitrags lesen »

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