Radio report: Hurricane season in the USA - an economic stimulus programme? - Bureaucracy to blame for recession.

Radio report: Hurricane season in the USA – an economic stimulus programme? – Bureaucracy to blame for recession.

Börsenradio | Uwe Eilers, CEO of Frankfurter Vermögen, in an interview with Peter Heinrich (Börsenradio) about the hurricane season and the ever-increasing bureaucracy.

The damage caused by the current hurricanes in the USA could amount to up to 200 billion US dollars, which could destroy up to 2% of total US economic output. Uwe Eilers sees this more as an economic programme for the USA. – There has been a surprisingly strong performance on the stock markets despite the difficult economic situation. Uwe Eilers explains that this strength is mainly driven by large technology and financial stocks, while other sectors such as automotive and hydrogen have plummeted. Investors seem to be ignoring the uncertainties caused by massive liquidity on the markets. – Eilers sees the cause of the recession as the result of excessive bureaucracy, which has blocked investments and authorisation procedures for years.

The radio programme is in German