…und wieder keine Apokalypse…

„Both optmists and pessimists contribute to society.
The optimist invents the aeroplane,
the pessimist the parachute“
George Bernard Shaw

Frau Yellen hat die Zinsen gestern nicht erhöht – die Apokalypse ist also vertagt. Vielmehr scheinen die Notenbanken jetzt sogar in eine Art „geldmarktpolitische Planwirtschaft“ abzudriften – wenn man sich anschaut, wie die BoJ versucht, die „Zinskurve zu kontrollieren“.  „…und wieder keine Apokalypse…“ weiterlesen

Not too surprising: German IFO index stagnates

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Today, the IFO-institute stated that

„The Ifo Business Climate Index for German industry and trade dropped to 106.6 points in April from 106.7 points in March. Although companies were somewhat less satisfied with their current situation, their business expectations brightened once again.“

This is not too surprising (for Germans, but probably for everyone else), since the German economy seems to be a little decoupled from the rest of the world economy for some time now: With an unemployment rate of 6.5% in March 2016, Germany shows a robust job-market, even if experts do not see a further decline for the rest of the year due to the refugees now flowing into the job market. Also, the German economy shows a robust if small growth (at least compared to other countries), with now a projected growth rate of about or above 1.5% for 2016. „Not too surprising: German IFO index stagnates“ weiterlesen