We show the impact of changing inflation expectations on various sectors of the S&P 500.

It is often claimed that technological progress is a major driver of rising income inequality. The gap between rich and poor is increasing as a result. However, the interdependences are more diverse.

Our simulations show that the money overhang has the potential to keep inflation at 6 per cent annually in the US and 4¾ per cent in the Eurozone until the middle of this decade.

The EU suffers from dangerous dependencies in its external trade relations.

Considerable limits exist to the partnership with “no limits” between Russia and China.