“(Now) we are in a credit crunch world, where banks which make up about 20 to 25 percent of the total lending market (in the US) are focused on shrinking their loan books, not expanding it and particularly in commercial real estate (…) So that is a different world today. Everyone thinks that we’re just going back to this … this … this, we’re going back to high school here, uh, and but we’re not going back to high school again. High school’s over.” Peter Boockvar, CIO Bleakley Financial Group, Wealthion, 8.6.2023
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Zitat
Zweite Zentralbank verweigert zügige Zinswende – Zitat des Tages
“The Bank of Canada un-paused today, after having “paused” following the January hike. The pause had been widely ballyhooed as the end of the rate hikes and a pivot toward rate cuts. Those hopes have now been bitterly disappointed. Everyone is figuring out that this inflation isn’t just fading away on its own. Today it hiked its policy rates again by 25 basis points, bringing its overnight rate to 4.75%, the highest in 22 years, in a move that surprised a lot of observers.” Wolf Richter,The Bank of Canada Un-Pauses, Hikes 25 Basis Points, Second Central Bank to Un-Pause on Resurging Inflation Fears, 7.6.2023
“Verunglückte” Zinswende in Australien – Zitat des Tages
“The Reserve Bank of Australia had become the first major central bank among developed economies to ‘pause’ its rate hikes at the meeting in April. This was widely ballyhooed as a harbinger for the Great Pause that would spread among other central banks, to then be quickly followed by the Great Rate Cuts – in months not years. Those hopes got crushed when the RBA became the first central bank to un-pause at the May meeting with a 25-basis point hike. Today, the RBA hiked its cash rate another 25 basis points to 4.1%, the highest since April 2012. It put more hikes on the table.” Wolf Richter, Reserve Bank of Australia, First Central Bank to “Pause,” then “Un-Pause,” Hikes Again, Warns of More Hikes. QT Continues, 6.6.2023
Ö: Feuchter Toast und inkorrekter Mohr – Zitat des Tages
“Unter den hausgemachten Desserts wie Apfelstrudel oder Topfenknödel sticht dann noch ‘Mohr im Hemd’ heraus. Und das in einem soeben neu eröffneten Café im Jahr 2023 – spätestens hier könnte man meinen, dass man einfach aus alten Speisekarten abgeschrieben und die Preise verändert hat (…) Beim Kaffee kann man zumindest Hafermilch statt Kuhmilch bestellen, das dürfte momentan aber schon das Einzige sein, was an ‘Neuem’ angeboten wird.”, Petra Eder, Der Standard, Auf einen feuchten Käsetoast ins wiedereröffnete Café Westend, 30.5. 2023 [Read more...]
Das Ende des Wachstums- Zitat
“After more than two centuries of expansion, the global economy has inflected into contraction, meaning that prior growth in material prosperity has gone into reverse. By 2040, aggregate prosperity is projected to be 13% lower than it was in 2019, implying that the prosperity of the world’s average person will have fallen by about 26% over that period. Meanwhile, his or her real cost of energy-intensive essentials is likely to have risen by around 40% in real terms, except that the definition of ‘essential’ will have to have been changed in order to keep that number within the upper limit set by prosperity. Discretionary (non-essential) consumption will have collapsed.” Tim Morgan, A tale of two economies, 28.4.2023
“Lächerlicher Streit” um Klimapolitik in Deutschland – Zitat des Tages
“Ich glaube, weil die ganze (Klimapolitik-)Diskussion .. jenseits der Realität stattfindet. Wenn wir in Deutschland den CO2 Ausstoß durch Autos, Fabriken ,durch das Ausatmen von Menschen, durch Tiere auf Null bringen würden, würde das am Klima überhaupt nichts ändern und die große Frage ist, welche Rolle CO2 überhaupt dabei spielt.Aber der Anteil von CO2, den die Deutschen produzieren, ist so gering, weltweit gesehen, dass das vollkommen lächerlich ist, was die da die ganze Zeit machen.” Stefan Aust, Sachbuchautor, Ex-Spiegel-CR, Welt-Herausgeber, BUNDESREGIERUNG: Klimastreit der Ampel? “Vollkommen lächerlich!” Klartext von Stefan Aust via YT
“Krieg gegen Russland, nicht gegen einander”: Annalena in Straßburg
“Yes we have to do more to defend Ukraine, yes we have to do more also on tanks – but the most important and the crucial part is, that we do it together and that we do not do the blame game in Europe because we are fighting a war against Russia and not against each other.” Deutsche Außenministerin Annalena “Plappermäulchen” Baerbock vor dem EU-Parlament, 25.1.2023
“Metallklumpen am Meeresgrund” – Zitat des Tages
“Ich - und ich glaube, die gesamte (US-)Regierung - sind äußerst erfreut, dass die Nordstream 2 jetzt ein Metallklumpen am Meeresgrund ist, wie sie (die US-Senatoren) zu sagen belieben.” Victoria Nuland, (Unter-)Staatssekretärin im US-Außenministerium am 26.1.2023, Forbes Breaking News via YT (eigene Übersetzung)
Dieselkrise & strategische Reserve – Zitat des Tages
“La escasez de diésel ya está empezando a hacer mella en Europa. En la actualidad, falta casi el 25% del consumo de diésel de Europa, el cual se está cubriendo con las reservas estratégicas de algunos estados: Austria, Croacia, Suiza, Alemania y Francia por culpa de las huelgas en las refinerías de Total.” Antonio Turiel: “La escasez de energía y falta de materias primas nos aboca a una época como el fin del Imperio Romano”, El Diario/ileon, 5.1.2023 [Read more...]
Covid und die Übersterblichkeit seit 2021- Zitat des Tages
“To overgeneralize: In 2020, the vulnerable died of Covid at unusually high rates. In 2021 and 2022, Covid continued its assault, but the young, middle-aged, and healthy also died in aberrantly high numbers of something else. These patterns are repeating across the high-income developed world – Germany, the UK, Japan, South Korea, Australia.” Bret Swanson, Where Did All the Workers Go? A brief look at U.S. all-cause mortality: Part 5, 19.1.2023
Krisenpolitik- und “Wissenschafts-Favoritismus” – Zitat des Tages
“Es kann nicht sein, dass es so ist wie heute. Es gibt eine ganz verengtes Bild von der Wissenschaft und die Politik selber, die sucht sich eigentlich nur die Art von Wissenschaft aus, die Sie hören will, nämlich solche Kollegen, die dann die vorgefassten Entscheidungen nur noch bestätigen und rechtfertigen. (Das) hat man deutlich in der Corona-Krise gesehen, (das) sehen wir aber auch in der Euro-Krise und Klima-Krise.” Krise als Mittel zur Macht – Prof. Fritz Söllner auf der Frankfurter Buchmesse, JF auf YT, Oktober 2022
The Ukraine, Russia and the USA – Zitat des Tages
“Bottom line: Ukraine is and always was within Russia’s sphere-of-influence, and will remain so. The USA has no business there and it will be best for all concerned when we bug out. Let’s hope that happens without America triggering a nuclear World War Three. (Yeah, “hope” is not a plan. Try prayer, then.) Mr. Putin’s challenge going into 2023 is to conclude the Ukraine hostilities without humiliating the USA to the degree that we do something really stupid.” James Howard Kunstler, Forecast 2023 — Get Out of the Way if You Can’t Lend a Hand, Clusterfuck Nation, 30.12.2022
Über das FBI, kommunistische Mitläufer & Konspirationisten, Zitat
“However, it is the attack on its critics that is most striking. While the FBI denounced critics of an earlier era as communists and ‘fellow travelers’, it now uses the same attack narrative to label its critics as ‘conspiracy theorists’. After Watergate, there was bipartisan support for reforming the FBI and intelligence agencies. Today, that cacophony of voices has been replaced by crickets, as much of the media imposes another effective blackout on coverage of the Twitter Files (…) As for the rest of us, the FBI now declares us to be part of a disinformation danger which it is committed to stamping out — ‘conspiracy theorists’ misleading the public simply by criticizing the bureau. Clearly, this is the time for a new Church Committee — and time to reform the FBI.” Jonathan Turley, When The FBI Attacks Critics As “Conspiracy Theorists”, It’s Time To Reform The Bureau, 26.12.2002
Tverberg zu Zwangsvorstellungen über den Klimawandel – Zitat
“The incorrect narrative provided by mainstream media (MSM) is that climate change is our worst problem. To lessen this problem, citizens need to move quickly away from fossil fuels and transition to renewables. The real narrative is that we are running short of fossil fuels that can be profitably extracted, and renewables are not adequate substitutes. However, this narrative is too worrisome for most people to handle.” Gail Tverberg, The economy is moving from a tailwind pushing it along to a headwind holding it back, Our Finite World, 16.12.2022