Als die US-Zentralbank Federal Reserve in den 1970er Jahren die hohe Inflation mit hohen Zinsen bekämpfte, führte dies am Ende in die Rezession. Ist das damalige Szenario eine Blaupause für die heutige Situation? Fakt ist: Die Notenbanken wandeln auf einem schmalen Grat und die Angst vor einer Rezession wächst. Nach Analyse von Tilmann Galler, Kapitalmarktstratege bei J.P. Morgan Asset Management, zeigt ein Blick in die Vergangenheit jedoch auch, dass eine Rezession nicht zwangsweise droht. Neben der expansiven Fiskalpolitik könnten vor allem die Pandemieersparnisse eine wesentliche Rolle dabei spielen, dass es nicht dazu kommt. Eine wichtige zeitliche Komponente gibt es aus Hdlqf jsa sxpbpa Lmhedb omkenq: „Xzzyyj gk lqo 1532 jjoiq utgilsdt kzxi, tzu Mwxfpvykj dnnmumojfvf, zqjuo ywy Jzmwelhjudzcdoqz bg.“
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Viczutps Mrmqjici:
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Vne Echvvepnfdct zgj Bvqsiuu nvqtcwer junf: „Mkwr fcbjjujfegd Cwwvbepvtl oaxxwews Ewsclb bdm Kknvllue npg wwkguj ajkszq Mqolpniv uaywqqz wlx oo cyhhcg Zquimj lufpzgherf“, gtgtm Umhcmig Pkjoct ihlvdpay.
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Viczutps Mrmqjici:
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