ESTV 212 – Something is in the air
US banks and US government under stress – and now?
Die Notenbanken FED und EZB haben Anfang Mai erwartungsgemäß die Zinsen erneut um jeweils 0,25 Basispunkte erhöht und zwar in den USA auf 5 Prozent und in Europa um auf 3,75 Prozent. Die Inflationsraten sind immer noch jeweils zu hoch und gehen vor allem in Europa nur langsam zurück. In den USA sank die Inflationsrate im März um einen Prozentpunkt auf 5 Prozent, In der EU verharrten Sie im März aber auf 8,3 Prozent. Dabei haben die zentralosteuropäischen Länder wesentlich höhere Inflationsraten als der EU-Durchschnitt mit Ungarn an der Spitze von 25 Prozent.
ESTV 211 – US banks and US government under stress – and now?
The dangerous balancing act of the central banks
As expected, the Fed and the ECB raised interest rates again at the beginning of May by 0.25 basis points each, to 5 per cent in the USA and 3.75 per cent in Europe. Inflation rates are still too high in each case and are declining only slowly, especially in Europe. In the USA, the inflation rate fell by one percentage point to 5 per cent in March, but in the EU it remained at 8.3 per cent in March. The Central Eastern European countries have much higher inflation rates than the EU average, with Hungary at the top of the list at 25 per cent.
ESTV 210 – The dangerous balancing act of the central banks
What to do now with the Russian ADR?
Investors in Russia have been left behind so far because of the war and the nonsensical sanctions. Eastern European funds and ETFs with Russian shares have been suspended from trading since March 2022. Russian ADR programmes, i.e. certificates of deposit with US custodians, have been terminated. But even those who have managed to convert Russian ADRs into original shares cannot do anything with them at the moment, as foreigners are not allowed to trade on the Moscow Stock Exchange. The currently idle value of Russian ADR is over 100 billion euros, and it is a scandal that investors are not being compensated and the government is doing nothing to bring about compensation.
ESTV 209 – What to do now with the Russian ADR, Part 3
“The Ukrainian Stock Market Is Promising in the Long Term!” | Capital-Manager Financial Regulars’ Table
ESTV 208 – Is a real estate crisis coming after the banking crisis?
Is a real estate crisis coming after the banking crisis?
At the well-attended “Invest” trade fair on 17/18 March in Stuttgart, where I also gave two presentations for Freedom Broker on the topic “G7 versus BRICS – where to invest?”, the banking crisis triggered by the bankruptcy of Silicon Valley Bank (SVB) and the collapse of Credit Suisse was the dominant topic. Now the question is whether the banking crisis could turn into a global real estate crisis. Not a few felt reminded of the real estate and banking crisis in 2008/9 when the 5th largest US investment bank Lehman Brothers went bust. Due to the well-known domino effects, a banking crisis can even grow into a global systemic crisis, which was only prevented back then in 2009 by the state and the central banks. The big question now is how far the central banks can raise interest rates to fight inflation without causing a real estate crisis or recession.