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Konjunktur: Macht die Delta-Variante den Euro endgültig zur Weichwährung?


Coronakrise: Delta-Variante droht Konjunktur zu bremsen
Noch sind die Restaurants voll, aber die Delta-Variante könnte das ändern.
Bild: 
Imago
Noch boomt die Konjunktur. Doch die Delta-Variante droht den Aufschwung zu bremsen. Das dürfte vor allem die EZB zu einem noch expansiveren Kurs verleiten. Zwischen Europa und den USA könnte sich bald eine wachsende geldpolitische Kluft bilden, die den Euro belastet. Eine Analyse.
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Monatelang hatten die Bürger hierzulande verzichtet: auf den Restaurantbesuch, den Kneipenbummel, auf Reisen und auf ausgedehnte Shoppingtouren. Doch nun scheinen sie nachzuholen, was sie vermisst hatten. Die Restaurants sind voll, die Außengastronomie boomt (so weit es das Wetter zulässt), die Menschen verreisen, gehen in Konzerte und lassen im Einzelhandel die Kassen klingeln.  ....

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Tips and Murmurs: Hoover Institution gets the AFR treatment


Damn, Hoover Gracing the
Australian Financial Review opinion pages this morning is John Cochrane from the Hoover Institution, attacking climate finance regulation. Extreme weather events may be a problem for people, he argues, but not financial markets, so let s not get melodramatic. The
AFR doesn t mention that the Hoover Institution is funded by an array of right-wing donors, many of them with a history of fighting climate action, as well as fossil fuel interests like Exxon.
And, look, while we re filling in some details about the place, the Hoover Institute count among their fellows ageless contrarian climate grifter Bjorn Lomberg and Scottish historian Niall Ferguson, who took time out from arguing there was  ....

Greta Thunberg , John Cochrane , Bjorn Lomberg , Niall Ferguson , Hoover Institution , Hoover Institute , Hoover Gracing , Australian Financial Review , Times Due , ஜான் கோக்ரேன் , நியால் ஃபெர்குசன் , ஹூவர் நிறுவனம் , ஆஸ்திரேலிய நிதி விமர்சனம் ,

Climate risk to the global financial system is a fallacy


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In the United States, the Federal Reserve, the Securities and Exchange Commission, and the Department of the Treasury are gearing up to incorporate climate policy into US financial regulation, following even more audacious steps in Europe.
The justification is that “climate risk” poses a danger to the financial system. But that statement is absurd. Financial regulation is being used to smuggle in climate policies that otherwise would be rejected as unpopular or ineffective.
“Climate” means the probability distribution of the weather – the range of potential weather conditions and events, together with their associated probabilities. “Risk” means the unexpected, not changes that everyone knows are under way. And “systemic financial risk” means the possibility that the entire financial system will melt down, as nearly happened in 2008. It does not mean that someone somewhere might lose money because some asset price falls, though central bankers a ....

John Cochrane , ஜான் கோக்ரேன் ,