2015
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The Sorcerer’s Apprentice Draghi and the Future of the Euro
By Dr. Rainer Zitelmann on 2015/12/0800I expect that the strength of the capital markets' reactions to his speech surprised even Draghi himself. -
Why I have consistently backed the dollar
By Dr. Rainer Zitelmann on 2015/11/24What follows is an unedited article which was published at the start of January 2015 in the IMMOBILIEN NEWS and in my FINANCE BLOG. In the article I outlined why I have been backing the dollar for many years. -
Forbes: The world’s most influential politicians: Putin – Merkel – Obama
By Dr. Rainer Zitelmann on 2015/11/10According to the world famous ranking published by Forbes magazine last week, Putin, Merkel and Obama (in that order) are currently the most powerful people in the world. -
Real Estate Forecasts: Germany Is Not Going to Shrink
By Dr. Rainer Zitelmann on 2015/10/27Germany is going to shrink. This assumption has been the basis of all long-term real estate market forecasts for almost as long as anyone cares to remember. -
UN Sustainable Development Summit: Everyone in Favour of Everything
By Dr. Rainer Zitelmann on 2015/10/13It was the largest UN Sustainable Development Summit in history. One week ago, 193 member states agreed on 17 sustainable development goals and 169 targets. The summit announced a commitment to end extreme poverty everywhere, within the next fifteen years. -
Throw the demographic forecasts in the trash!
By Dr. Rainer Zitelmann on 2015/09/29I have organised more than 310 "Berlin Real Estate Roundtables" since 1998. In that time, I am sure that there haven't been more than a small handful of events where presenters haven't made use of slides containing demographic forecasts to underscore their arguments on real estate market topics. -
Low interest rates are a dead-end street
By Dr. Rainer Zitelmann on 2015/09/01The markets’ have become just as hooked on low interest rates as a junkie craving their daily dose of heroin. The merest hint of withdrawal is enough to provoke anxiety. For the markets to be plunged into turmoil, it needs some kind of external shock – whether the developing economic situation in China, or some other event. Whatever the trigger, […] -
Five lessons from Buffett’s latest deal
By Dr. Rainer Zitelmann on 2015/08/18This is Warren Buffett's largest ever single investment: For $37.2 billion he has bought Precision Castparts Corp (PCC), a company that supplies parts to the aerospace industry, including Boeing and Airbus, as well as to numerous energy companies. -
Somehow, there is a Greek Side to Europeans
By Dr. Rainer Zitelmann on 2015/07/21On 10 July, the FRANKFURTER ALLGEMEINE ZEITUNG carried one of the best articles on the crisis in Greece I have read, a piece by Richard Fraunberger titled "At a Crossroads." It articulates certain ideas that are as provocative as they are worth pondering: -
Persistent Misjudgement
By Dr. Rainer Zitelmann on 2015/07/07Angela Merkel and the other EU policymakers were in for a big surprise or indeed in for a shock that last Friday in June. Sigmar Gabriel said he was "appalled" by the behaviour of Tsipras. No one had expected anything like it, the media said unanimously. But the amazement only reflects the colossal prior error in judging the Greek Government.