01/22/2021 – Most economists and financial experts are unusually unanimous in forecasting a strong upturn in the global economy for the current year, which the financial markets have already anticipated with record levels of stock indices. The prerequisite is the successful containment of the pandemic through an extensive vaccination program. Read more in the Macroeconomic Comment of January 2021 by…
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12/30/2020 – At the end of 2019, I summarized my thoughts on the topic of “limits”, which we may have already reached or already overstretched: limits to growth, debt, environmental pollution, monetary policy, and globalization. For years, it has been apparent that we can only achieve economic growth with rapidly growing government debt, with over-exploitation of our planet, with massive…