The bond market seems to believe in the Federal Reserve's determination to bring down inflation in the medium term. At the same time, it expects the US government to issue a high volume of bonds due to persistent budget deficits.

Despite the normalization of energy and consumer goods prices, inflation remains undefeated. At some point, inflation will come down again, and like everything else in this world, inflation will then also have been "transitory”.

The turnaround in the real estate market suggests that greater risks are lurking there. What can buyers still afford and what is the price correction doing to the banks?

If one wanted to sum up the successful business model of the German economy over many years, one could say that it consisted of combining skill with diligence and low-cost energy supply in such a way that it became world market leaders. For some time ...

The biggest losers of rising interest rates are the central banks as owners of the largest bond portfolios. The losses are hidden. As long as citizens do not discover the hiding place, all is well.

According to some economists, demographic change was supposed to keep interest rates low. Today we know that the opposite is the case. What is the reason for this?