The euro zone leaves its crisis behind

Written by Manfred Hübner | 05 January 2014
Posted in sentix Economic News

The composite index for the euro zone rises by 3.9 to 11.9 points in January. This increase is the strongest of a composite index in January among all surveyed countries and regions. It is also noteworthy that the assessment of the current situation for the euro zone improves markedly and has now entered neutral territory. That means that at the start of 2014 Euroland finally leaves its crisis behind it. Looking at other countries and regions, the composite index for Germany – which celebrates its fifth anniversary this month – rises slightly from 32.1 to 32.4 points. Germany thus remains the growth engine for the euro zone. The generally positive picture at the beginning of the year is only blurred by the figures for Asia ex Japan. Nevertheless, the composite index for the global aggregate increases for the sixth month in a row. 

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France moves further away from the core

Written by Manfred Hübner | 30 December 2013
Posted in sentix Euro Break-up Index News

Even at the turn of the year, the sentix Euro break-up index increases. The December EBI stands at 17 points. However, this is still not far away from the all time low recorded in October 2013.

In the individual assessment of the national EBI two developments stand out. Firstly, the EBI increases for Portugal to 2.7 %. Investors are reacting to the decision of the Constitutional Court to ban a part of the austerity measures adopted. The increase is indeed remarkable in absolute terms, however, this is not a new quality for investors assessment of Portugal. In particular, if one compares the EBI development with the development of the interest rate differentials of Portuguese government bonds to German bunds, Portuguese bonds are still considered to be rated "fair" .

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Germany takes off, the euro zone a breather

Written by Sebastian Wanke | 08 December 2013
Posted in sentix Economic News

The composite index for the euro area drops in December from 9.3 to 8.0 points. The reason for this is a slightly clouded perception of the economic situation. Investors' expectations rise, however, to their highest reading since April 2006!  Germany once more defies the development of the euro zone aggregate. The composite index for Germany rises by around two to now 32.1 points and, with that, to its highest reading in three years. Expectations climb, as they did already last month, to a new all-time high. This month's winner, however, is the US. Here, the composite index increases by over 10 points. This, in turn, drives the composite index for the global aggregate, which rises for the fifth consecutive month and has now reached a level last seen in April 2011.

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Ungleichverteilung von Vermögen

Written by Manfred Hübner | 06 December 2013
Posted in Woolly thoughts (blog)

Dieser Abschnitt ist als Ergänzung für den sentix Jahresausblick 2014 geschrieben.

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Über Bitcoins, Gold und warum wir Verluste lieben sollten

Written by Manfred Hübner | 02 December 2013
Posted in Woolly thoughts (blog)

Für Frank Meyer's Metallwoche habe ich ein Podcast-Interview zu spannenden Themen gegeben. Unter anderem ging es um Bitcoins, Gold und den Umgang mit Verlusten. Das vollständige Interview können SIe hier hören:

http://www.metallwoche.de/manfred-huebner-auf-der-metallwoche-am-ende-erzaehlt-der-preis-die-wahrheit/