From crisis to crisis
From crisis to crisis

From crisis to crisis

Newsletter, Englisch

Autor: Karl-Heinz Thielmann

Erscheinungsdatum: 12.02.2014


Aufrufe gesamt: 49, letzte 30 Tage: 1

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  • Two groups of countries have emerged in the global economy: nations that accumulate deficits due to high ongoing capital imports, and countries funding these nations with money generated by their export surpluses.
  • The principal reasons for the excessive capital imports are corruptive structures or real-estate bubbles in the debtor countries as well as naivety in the creditor countries.
  • For almost 200 years, investors have been making the same mistake: buying assets in countries with structural deficits. Financial crises have become a common method to devalue debts when repayment is impossible.
  • Despite the evidence, many fund managers and rating agencies still ignore the role of sustained current account deficits and continue investing in problem countries. Therefore, we will continue moving from crisis to crisis.

Karl-Heinz Thielmann

DE, Karlsruhe (Baden)

Vorstand

LONG-TERM-INVESTING Research AG Institut für die langfristige Kapitalanlage

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