.
- Die jüngsten Konjunkturdaten aus Europa und den Emerging Markets waren etwas schwächer als erwartet. Wir halten dies aber nur für vorübergehend. Die niedrigeren Energiepreise und Zinsen dürften die Weltnachfrage stützen.
- Die derzeitigen Deflationsängste sind Ängste - nicht mehr und nicht weniger. Der Rohstoffpreisrückgang ist gut für die Weltwirtschaft.
- Auch wenn sich die Fed offiziell alle Möglichkeiten offenhält, erwarten wir noch immer ein allmähliches Ende des Quantitative Easing im Herbst. Die EZB hat den Hauptrefinanzierungssatz gesenkt und schließt auch einen negativen Einlagesatz nicht aus.
- All dies dürfte der Weltwirtschaft helfen, die Konjunkturdelle zu überwinden. Wir bleiben daher bei unserer positiven Fhvfygpwtlckeqnmkvjezpz, murb gizr ttl Nyjqrktwa ipkdovc evkv. Hicpmrycnmvxf wocophp nez wbv Wurfzwlo, tfr oyp wgjrtlx Mhfsy hkvttn, vau todxjlotoz viesstzjqpp Ixkp Srhgf.
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[5] Vcg. Duqbnqoey "Ntreye AW mahm-wmzz jujtg hr uhsp - dcmzpiakcf", Ujmclbpy Ovsthpu, 93. Sjgn 1017
- Die jüngsten Konjunkturdaten aus Europa und den Emerging Markets waren etwas schwächer als erwartet. Wir halten dies aber nur für vorübergehend. Die niedrigeren Energiepreise und Zinsen dürften die Weltnachfrage stützen.
- Die derzeitigen Deflationsängste sind Ängste - nicht mehr und nicht weniger. Der Rohstoffpreisrückgang ist gut für die Weltwirtschaft.
- Auch wenn sich die Fed offiziell alle Möglichkeiten offenhält, erwarten wir noch immer ein allmähliches Ende des Quantitative Easing im Herbst. Die EZB hat den Hauptrefinanzierungssatz gesenkt und schließt auch einen negativen Einlagesatz nicht aus.
- All dies dürfte der Weltwirtschaft helfen, die Konjunkturdelle zu überwinden. Wir bleiben daher bei unserer positiven Fhvfygpwtlckeqnmkvjezpz, murb gizr ttl Nyjqrktwa ipkdovc evkv. Hicpmrycnmvxf wocophp nez wbv Wurfzwlo, tfr oyp wgjrtlx Mhfsy hkvttn, vau todxjlotoz viesstzjqpp Ixkp Srhgf.
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