Without a rapid deleveraging of the Western states, a rapid fight against inflation is unlikely to be possible. Therefore, the West must reorganize its currency, monetary and debt regimes.

The Federal Reserve has entered an interest rate hike cycle. But whether it will be able to raise interest rates without a lim-it is questionable.

Before February 24, 2022, many were under the illusion that defense policy could be replaced by economic sanctions. Now some hope that one can duck away in war.

Stagflation and deglobalization are weighing on the global economy. The U.S. is likely to be least affected, the euro area most. China's economy depends on its covid policy, the financial risks in the real estate sector, and its positioning in the Uk ...

Die bisherige Gefahr einer De-Globalisierung und neuen Bipolarität hat sich zu einem neuen Ost-West-Konflikt verfestigt. Die EU muß sich deshalb ökonomisch und europapolitisch neu aufstellen.

In a new era, the Eastern dictatorships of Russia and China compete with Western democratic civil societies. The West is clearly superior both economically and militarily, but only if it stands together.