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\nJerome Powell h\u00e4lt an einem historisch nie dagewesenem Quantitativem Easing fest. Seine Anh\u00f6rung am 15. Juli vor dem US Kongress zeigt, die FED ben\u00f6tigt irgendeine Art Vollbesch\u00e4ftigung und so etwas wie 10% Inflation, um eine Drosselung der Geldmenge in Betracht zu ziehen. Dabei schie\u00dfen die B\u00f6rsen \u00fcber die Decke und zeichnen jeden Monat neue Allzeit Hochs. Die Realwirtschaft, der Arbeitsmarkt tappt nur langsam im Schatten der Hochfinanz hinterher. Schon l\u00e4ngst ist nicht mehr die Arbeitslosigkeit, Stundenlohn und Arbeitswochenstunden das Ma\u00df einer florierenden Wirtschaft, sondern das Verhalten der Konsumenten. Nicht die Aktienkurse, hochgepeitscht durch Buybacks und Buy-Only-Regulatorien, nicht die Auftragslage der Unternehmen ist Richtgr\u00f6sse, sondern der Kaufrausch des Konsumenten. Kauft der Konsument bedeutet jede wirtschaftliche Kenngr\u00f6sse eitel Sonnenschein, beh\u00e4lt er sein Geld bei sich, kann die Rezession nicht brutal genug bek\u00e4mpft werden. Powell scheint es egal zu sein, dass jetzt auch die ECB auf Inflation setzt, das 2% Ziel symetrisch nennt und damit ein Overshoot akzeptiert. Auch die von der deutschen Bunderegierung angefochtenen Asset Purchases sind heute fest im Toolkit der ECB verankert, sozusagen als „Ignite the Midnight Petroleum“ eines Niedrigzins-Paradigmas. Ist die Leitzinsschraube abgen\u00fczt, so kommt die Gelddruckmaschine zum Einsatz. Selbst das, was eigentlich nicht funktionieren kann, ein jeder lahme Esel, wird mit Fiatgeld angefixt und zum Laufen gebracht. SPACS umh\u00fcllen einen jeden Knallfrosch wie Gallert die Schei\u00dfe.\nAber damit nicht genug: Die ECB, mit ihrem feminin-gr\u00fcnem Herzchen, f\u00fchlt sich pl\u00f6tzlich der Umwelt zugetan. Wie scheinheillig, ist doch der Reichtum des Westens auf einer Ausbeutung aller Ressurcen, von Mensch \u00fcber Tier bis hin zur Umwelt, begr\u00fcndet. Dahingehend sollte Christine Lagarde als erstes dem Beispiel der T\u00fcrkei, Indonesiens und Chinas folgen, und den klimasch\u00e4dlichen Bitcoin als Zahlungsmittel ausschlie\u00dfen. Alle weiteren Ma\u00dfnahmen sind durch die Regierungen bzw. durch das europ\u00e4ische Parlament zu beschlie\u00dfen. Ansonsten droht die Gr\u00fcne-Linie zu einem noch gr\u00f6\u00dferen Geldvernichtungs-Programm zu werden, wie bereits die COVID-19 Hilfskredite. Ich bin nach wie vor der \u00dcberzeugung, dass ein Unternehmen ohne R\u00fccklagen f\u00fcr Krisenzeiten, nicht zu \u00fcberleben hat. Desweiteren setze ich vollends auf den Kapitalismus, als unsere Beste Idee f\u00fcr einen humanen Transist, heraus aus einer mittelalterlichen Kasten und St\u00e4ndegesellschaft.\n\n\nGood evening traders,
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\nJerome Powell adheres to a historically unprecedented quantitative easing. His hearing in the US congress on July 15 shows that the Fed needs some sort of full employment and something like 10% inflation to contemplate tightening the money supply. The stock exchanges are shooting over the ceiling and drawing new all-time highs every month. The real economy and the labor market are only slowly lagging behind in the shadow of high finance. Unemployment, hourly wages and working hours are no longer the measure of a flourishing economy, but consumer behavior. Not the share prices, whipped up by buybacks and buy-only regulations, not the order situation of the companies is the benchmark, but the buying frenzy of the consumer. If the consumer buys every economic parameter means vain sunshine. If he keeps his money with him, the recession cannot be fought brutally enough. Powell doesn’t seem to care that the ECB is now also betting on inflation, calling the 2% target symmetrical and thus accepting an overshoot. The asset purchases contested by the German government are now firmly anchored in the ECB’s toolkit, as it were as „Ignite the Midnight Petroleum“ of a low-interest paradigm. If the key interest rate screw is worn out, the money printing machine comes into play. Even what cannot actually work, every lame donkey, is hooked on with fiat money and made to work. SPACS envelop every fire frog like shit in jelly.\nBut that’s not all: The ECB, with its feminine-green heart, suddenly feels attached to the environment. How hypocritical, the wealth of the West is based on the exploitation of all resources, from humans to animals to the environment. In this regard, Christine Lagarde should first follow the example of Turkey, Indonesia and China and exclude the climate-damaging Bitcoin as a means of payment. All further measures are to be decided by the governments or the European Parliament. Otherwise, the Green Line threatens to become an even bigger money destruction program, like the COVID-19 aid loans. I still believe that a company without reserves cannot survive in times of crisis. Furthermore, I fully rely on capitalism, as our best idea for a humane transit, out of a medieval cast and class society.\n\n\n\u3053\u3093\u3070\u3093\u306f\u30c8\u30ec\u30fc\u30c0\u30fc\u3001
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handelaren,
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\nJerome Powell houdt vast aan een historisch ongekende kwantitatieve versoepeling. Zijn hoorzitting in de Amerikaans congres op 15 juli laat zien dat de Fed een soort van volledige werkgelegenheid en iets van 10% inflatie nodig heeft om te overwegen de geldhoeveelheid te verkrappen. De beurzen schieten over het plafond en trekken elke maand nieuwe all-time highs. De re\u00eble economie en de arbeidsmarkt blijven slechts langzaam achter in de schaduw van high finance. Werkloosheid, uurloon en arbeidsduur zijn niet langer de maatstaf voor een bloeiende economie, maar het gedrag van consumenten. Niet de aandelenkoersen, opgezweept door terugkopen en buy-only regelgeving, niet de ordersituatie van de bedrijven is de maatstaf, maar de koopwoede van de consument. Als de consument elke economische parameter koopt, betekent dat ijdele zonneschijn.Als hij zijn geld bij zich houdt, kan de recessie niet brutaal genoeg worden bestreden. Het lijkt Powell niet te kunnen schelen dat de ECB nu ook gokt op inflatie, de 2%-doelstelling symmetrisch noemt en daarmee een overschrijding accepteert. De door de Duitse regering betwiste activa-aankopen zijn nu stevig verankerd in de toolkit van de ECB, als het ware als „Ignite the Midnight Petroleum“ van een laagrentend paradigma. Als de belangrijkste renteschroef versleten is, komt de gelddrukmachine in het spel. Zelfs wat niet echt kan werken, elke kreupele ezel, is verslaafd aan fiatgeld en aan het werk gezet. SPACS omhullen elk vuurwerk als strontgelei.\nMaar dat is niet alles: de ECB, met haar vrouwelijk-groene hart, voelt zich ineens verbonden met de omgeving. Hoe hypocriet, de rijkdom van het Westen is gebaseerd op de exploitatie van alle hulpbronnen, van mens tot dier tot het milieu. Wat dat betreft zou Christine Lagarde eerst het voorbeeld van Turkije, Indonesi\u00eb en China moeten volgen en de klimaatschadelijke Bitcoin als betaalmiddel uitsluiten. Over alle verdere maatregelen wordt beslist door de regeringen of het Europees Parlement. Anders dreigt de Groene Lijn een nog groter geldvernietigingsprogramma te worden, zoals de COVID-19-hulpleningen. Ik geloof nog steeds dat een bedrijf zonder reserves niet kan overleven in tijden van crisis. Verder vertrouw ik volledig op het kapitalisme, als ons beste idee voor een humane transit, vanuit een middeleeuwse cast en klassenmaatschappij.\n\n\n\u0130yi ak\u015famlar,
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\nJerome Powell, tarihsel olarak e\u015fi g\u00f6r\u00fclmemi\u015f niceliksel geni\u015flemeye ba\u011fl\u0131 kal\u0131yor. 15 Temmuz’daki ABD kongresindeki duru\u015fmas\u0131, Fed’in para arz\u0131n\u0131 s\u0131k\u0131la\u015ft\u0131rmay\u0131 d\u00fc\u015f\u00fcnmek i\u00e7in bir t\u00fcr tam istihdama ve %10 enflasyon gibi bir \u015feye ihtiyac\u0131 oldu\u011funu g\u00f6steriyor. Borsa tavan\u0131 a\u015ft\u0131 ve her ay rekor seviyeye ula\u015ft\u0131. Reel ekonomi ve i\u015fg\u00fcc\u00fc piyasalar\u0131 yava\u015f yava\u015f y\u00fcksek finansman\u0131n gerisinde kal\u0131yor. \u0130\u015fsizlik, saatlik \u00fccretler ve \u00e7al\u0131\u015fma saatleri art\u0131k ekonomik refah\u0131n \u00f6l\u00e7\u00fctleri de\u011fil, t\u00fcketici davran\u0131\u015flar\u0131d\u0131r. K\u0131yaslama, t\u00fcketicinin sat\u0131n alma iste\u011fidir, \u015firketin sipari\u015f durumu de\u011fil, geri al\u0131m veya sat\u0131m k\u0131s\u0131tlamalar\u0131 nedeniyle y\u00fckselen hisse senedi fiyat\u0131d\u0131r.\nT\u00fcketici g\u00fcveni y\u00fcksekse, herhangi bir ekonomik g\u00f6sterge g\u00fcne\u015f \u0131\u015f\u0131\u011f\u0131 olarak yorumlan\u0131r.\nT\u00fcketici paras\u0131n\u0131 harcamazsa durgunlukla yeterince ac\u0131mas\u0131zca m\u00fccadele edilemez. Powell, ECB’nin \u015fu anda enflasyon \u00fczerine bahis oynamas\u0131na, %2 hedefini simetrik olarak adland\u0131rmas\u0131na ve a\u015f\u0131mlar\u0131 kabul etmesine ald\u0131rm\u0131yor gibi g\u00f6r\u00fcn\u00fcyor. Alman h\u00fck\u00fcmeti taraf\u0131ndan sorgulanan varl\u0131k al\u0131mlar\u0131, d\u00fc\u015f\u00fck faiz oran\u0131 paradigmas\u0131 „Ignite Midnight Oil“ ile uyumlu olarak ECB’nin ara\u00e7 setine s\u0131k\u0131 s\u0131k\u0131ya ba\u011fl\u0131. Para bas\u0131n\u0131, ana faiz oran\u0131 vidalar\u0131 a\u015f\u0131nd\u0131\u011f\u0131nda \u00e7al\u0131\u015f\u0131r. Ger\u00e7ekten mant\u0131kl\u0131 olmayanlar da dahil olmak \u00fczere t\u00fcm topal e\u015fekler, \u00e7al\u0131\u015fmaya devam etmek i\u00e7in itibari parayla doldurulur. SPACS, t\u00fcm ate\u015f kurba\u011falar\u0131n\u0131 j\u00f6le g\u00fcbresi gibi sarar.\nAma hepsi bu de\u011fil. Kad\u0131ns\u0131 ye\u015fil bir kalbe sahip olan ECB, aniden \u00e7evreye ba\u011fl\u0131 hissediyor. Bat\u0131’n\u0131n ikiy\u00fczl\u00fc zenginli\u011fi, insandan hayvanlara ve \u00e7evreye kadar t\u00fcm kaynaklar\u0131n k\u00f6t\u00fcye kullan\u0131lmas\u0131na dayanmaktad\u0131r. Bu ba\u011flamda Christine Lagarde’\u0131n \u00f6ncelikle T\u00fcrkiye, Endonezya ve \u00c7in \u00f6rne\u011fini takiben iklim \u00fczerinde olumsuz etkisi olan bir \u00f6deme y\u00f6ntemi olarak Bitcoin’i d\u0131\u015flamas\u0131 gerekiyor. Sonraki t\u00fcm \u00f6nlemlere H\u00fck\u00fcmet veya Avrupa Parlamentosu karar verecektir. Aksi takdirde, Ye\u015fil Hat, COVID-19 yard\u0131m kredisinden daha b\u00fcy\u00fck bir para israf\u0131 program\u0131 olmakla tehdit eder. H\u00e2l\u00e2 haz\u0131rl\u0131ks\u0131z i\u015fletmelerin kriz zamanlar\u0131nda ayakta kalmas\u0131na izin verilmemesi gerekti\u011fine inan\u0131yoruz. Ayr\u0131ca orta\u00e7a\u011fdan ve s\u0131n\u0131fl\u0131 toplumdan insanc\u0131l bir ge\u00e7i\u015f i\u00e7in en iyi fikrimizin kapitalizm oldu\u011funa tamamen g\u00fcveniyorum.Sizin B\u00fcnyamin\n<\/p>\n\n\n\n