Ldear reader, Jan Hatzius is 53 years old and has had a remarkable career. He is chief economist Investment bank Goldman Sachs in NYC. And lately he’s heard as second German to the board of directors of the bank. My colleague Christian Siedenbiedel from the economics department spoke to him about the high inflation, the forthcoming turnaround in interest rates – and the possible consequences for real estate prices. However, the interview is not only interesting for property owners and those who want to become one. One could also think about statements like these: “In the United States, the recovery from the corona crisis is much further advanced in terms of economic growth, unemployment, inflation and wages. The euro zone recently achieved wage growth of a good 2 percent, the United States 4 to 6 percent, depending on the indicator.” Aside from the effects on inflation, why are we in Europe actually sagging again compared to the United States? Incidentally, Hatzius is also of the opinion that most of the causes of the persistently high inflation rates are temporary.
Speaking of interest rates and financial markets: This week our finance expert Volker Looman calculated how women can save for their retirement. This is important, because they tend to neglect wealth accumulation for old age. He introduces savings contracts with underground returns, index funds in the guise of pension insurance, whose policy is as superfluous as a goiter. He shows more enthusiasm for a real estate investment and especially for index funds. Above all, it is important to realize that you have to do something and not rely on other people, especially not on men.
Tough change of subject: The economist Victoria Berg has researched narcissistic behavior. In an interview with Reiner Burger, our political correspondent for North Rhine-Westphalia, she talks about why young men and women around the age of 30 have the highest narcissistic values - and what follows from this. A narcissistic generation is currently growing up, which is being reinforced, among other things, by the ever-expanding rating mania in social media, the permanent self-portrayal and self-optimization. And just because one generation of narcissists growing up, companies should urgently define what type of leadership they want to stand for. In many companies would individual competition and striving for power are still rewarded instead of empathy and commitment, which paves the way to the top for narcissists and even rewards this behavior. You guessed it, there was a heated debate about this in our readers’ forum.
Have a nice weekend, despite all the capricious weather, and stay healthy. If you have a question about F+, your complete access to FAZ.NET, please write to me: [email protected].
Many greetings,
Yours, Carsten Knop
editor
Frankfurter Allgemeine Zeitung
#Reading #Rising #Prices #Young #Narcissists