18. October 2018

A result of the trade war

The CKGSB Business Conditions Index is an alternative to the China official manufacturing PMI. In September, it fell to its lowest level since its launch seven years ago. Professor Li Wei, who oversees the survey, said that “for most, business has never been worse.” Web Source: “Alternative China PMI Gauge Says Business `Has Never Been […]

5. October 2018

What we could have learned from Albert Einstein

“We cannot solve our problems with the same thinking we used when we created them.” Albert Einstein As of 2017, global debt climbed to USD 237 trillion. This is about USD 100 trillion more than at the beginning of the financial crisis. Web Source: Tanzi, A.: „Global Debt at Record Level”, Bloomberg, 10 April 2018, accessed […]

Credit, Economy