{"data":{},"content":[{"data":{},"content":[{"data":{},"marks":[],"value":"Nicht nur an der Börse, auch in den Medien gibt es einen Herdentrieb. Deshalb sprach Bundeskanzler ","nodeType":"text"},{"data":{},"marks":[{"type":"bold"}],"value":"Helmut Schmidt","nodeType":"text"},{"data":{},"marks":[],"value":" gern von „der Meute“.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"marks":[],"value":"Im Moment laufen beide Herden in dieselbe Richtung: ","nodeType":"text"}],"nodeType":"paragraph"},{"data":{},"content":[{"data":{},"content":[{"data":{},"content":[{"data":{},"marks":[],"value":"An der Börse werden ohne Sinn und Verstand – und trotz florierender Geschäfte in der Realwirtschaft – die Kurse nach unten geprügelt, nur um dann wieder zu steigen.","nodeType":"text"}],"nodeType":"paragraph"}],"nodeType":"list-item"},{"data":{},"content":[{"data":{},"content":[{"data":{},"marks":[],"value":"Viele Medien betätigen sich als apokalyptische Reiter, indem sie ihre Leserinnen und Leser mit düsteren Prophezeiungen erschrecken: Crash. Weltfinanzkrise. „Die Notenbank muss sich entscheiden zwischen Inflation oder Chaos“, schlagzeilt der britische ","nodeType":"text"},{"data":{},"marks":[{"type":"italic"}],"value":"Economist","nodeType":"text"},{"data":{},"marks":[],"value":".","nodeType":"text"}],"nodeType":"paragraph"}],"nodeType":"list-item"}],"nodeType":"unordered-list"},{"data":{"target":{"metadata":{"tags":[],"concepts":[]},"sys":{"id":"5vK8e9nw0U6DUXY2C7nOgB","type":"Entry","createdAt":"2023-03-20T21:48:22.309Z","updatedAt":"2023-12-18T16:43:41.455Z","publishedVersion":16,"revision":2,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"infoGraphic"}},"locale":"de"},"fields":{"title":"DAX vs. Bankenindex","description":"Kursverlauf des DAX und des europäischen Bankenindex „STXE 600 BANKS“ seit dem 13. März 2023, indexiert in Prozent","media":{"sys":{"type":"Link","linkType":"Entry","id":"3LAKgxOxxOL5eLJDmsfQ4l"},"fields":{"id":"SW1hZ2VXaXRoTWV0YS0zTEFLZ3hPeHhPTDVlTEpEbXNmUTRsX19fMzIzMjE3ZjY0M2MzZTNmMWZlNzUzMmU3MmFjMDFiYjA3NDhjOTdiZQ","url":"//image-service.thepioneer.de/show/mj324dykhxwi/qJFht7qIxci7LECXPZmU1/08e875c56159163a0c2d402dd4493d94/20230321-infografik-media-pioneer-STXE-600-BANKS-DAX-ohne.png","preview":"","width":1700,"height":2090,"assetId":"qJFht7qIxci7LECXPZmU1","link":null,"title":"20230321-infografik-media-pioneer-STXE-600-BANKS-DAX-ohne","description":"","fileSize":296934,"contentType":"image/png"}},"slug":"dax-vs-bankenindex","download":{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"4SHoM2LWZwEsYC70r8FjF7","type":"Asset","createdAt":"2023-03-20T21:47:20.891Z","updatedAt":"2023-03-20T21:47:20.891Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":4,"revision":1,"locale":"de"},"fields":{"title":"DAX vs. Bankenindex","description":"","file":{"url":"//images.ctfassets.net/mj324dykhxwi/4SHoM2LWZwEsYC70r8FjF7/2a4c3098e394b2fd191b00e2be66d1ae/20230321-infografik-media-pioneer-STXE-600-BANKS-DAX.png","details":{"size":333154,"image":{"width":1700,"height":2407}},"fileName":"20230321-infografik-media-pioneer-STXE-600-BANKS-DAX.png","contentType":"image/png"}}},"tags":[{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"7KlT7eikHjOhTfXPz0rpbo","type":"Entry","createdAt":"2023-12-18T16:43:25.524Z","updatedAt":"2023-12-18T16:43:25.524Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":1,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"tag"}},"locale":"de"},"fields":{"title":"europäisch"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"6BZAjxzYaQqjYxp35F5azT","type":"Entry","createdAt":"2023-12-18T16:43:11.202Z","updatedAt":"2023-12-18T16:43:11.202Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":1,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"tag"}},"locale":"de"},"fields":{"title":"STXE 600 BANKS"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"3UyutWJGrFXhdbepMR8N6u","type":"Entry","createdAt":"2023-12-18T16:26:43.324Z","updatedAt":"2023-12-18T16:26:43.324Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":1,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"tag"}},"locale":"de"},"fields":{"title":"März 2023"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"2tw05VJVQmzQP65pGOfVHg","type":"Entry","createdAt":"2023-12-15T15:54:49.666Z","updatedAt":"2023-12-15T15:54:49.666Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":1,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"tag"}},"locale":"de"},"fields":{"title":"Index"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"2iKRsaYptVPPJpg9YEeNXv","type":"Entry","createdAt":"2023-12-14T17:29:41.592Z","updatedAt":"2023-12-14T17:29:41.592Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":1,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"tag"}},"locale":"de"},"fields":{"title":"Prozent"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"6GGSpIuili0bDxHScpqLjv","type":"Entry","createdAt":"2020-03-23T20:07:44.312Z","updatedAt":"2020-03-23T20:07:44.312Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":9,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"tag"}},"locale":"de"},"fields":{"title":"DAX"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"5wm3xPTM70gkSqHBVyZQQS","type":"Entry","createdAt":"2020-03-20T16:38:27.775Z","updatedAt":"2020-03-20T16:38:27.775Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":7,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"tag"}},"locale":"de"},"fields":{"title":"Kursverlauf"}},{"metadata":{"tags":[],"concepts":[]},"sys":{"space":{"sys":{"type":"Link","linkType":"Space","id":"mj324dykhxwi"}},"id":"4oGFIv3SN3OTkfnz8FTXH7","type":"Entry","createdAt":"2020-03-20T09:33:11.904Z","updatedAt":"2020-03-20T09:33:11.904Z","environment":{"sys":{"id":"master","type":"Link","linkType":"Environment"}},"publishedVersion":6,"revision":1,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"tag"}},"locale":"de"},"fields":{"title":"Bankenindex"}}],"publishingDate":"2023-03-21T06:00","accessControl":"paid","id":"SW5mb0dyYXBoaWMtNXZLOGU5bncwVTZEVVhZMkM3bk9nQg"}}},"content":[],"nodeType":"embedded-entry-block"},{"data":{},"content":[{"data":{},"marks":[],"value":"Warum das wichtig ist? Weil sich reale Gefahren, sowohl für die Finanzstabilität als auch für die Geldwertstabilität, durch ihre Übertreibung verändern: Sie werden größer, kräftiger und – ins Extreme gesteigert – eben auch gefährlicher.","nodeType":"text"}],"nodeType":"paragraph"},{"data":{"target":{"metadata":{"tags":[],"concepts":[]},"sys":{"id":"4WglCQKr7CYQOedot1cO0X","type":"Entry","createdAt":"2023-02-19T23:20:23.878Z","updatedAt":"2024-08-18T19:53:54.137Z","publishedVersion":9,"revision":2,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"imageWithMeta"}},"locale":"de"},"fields":{"id":"SW1hZ2VXaXRoTWV0YS00V2dsQ1FLcjdDWVFPZWRvdDFjTzBYX19fMzIzMjE3ZjY0M2MzZTNmMWZlNzUzMmU3MmFjMDFiYjA3NDhjOTdiZQ","url":"//image-service.thepioneer.de/show/mj324dykhxwi/6ibnrC7GnGT5hTEVHaXplj/edba1ac2c54e6813a5bf2a5404160f5c/imago0202675855h.jpg","preview":"","width":5616,"height":3744,"assetId":"6ibnrC7GnGT5hTEVHaXplj","link":null,"copyright":"imago","title":"20230220-image-imago-mb-Lars Feld","caption":"Lars Feld in Berlin am 14.02.2023","description":"","alt":"Lars Feld in Berlin am 14.02.2023","fileSize":1039593,"contentType":"image/jpeg"}}},"content":[],"nodeType":"embedded-entry-block"},{"data":{},"content":[{"data":{},"marks":[{"type":"bold"}],"value":"Prof. Lars Feld","nodeType":"text"},{"data":{},"marks":[],"value":", einst Chef des Sachverständigenrates, erinnert in ","nodeType":"text"},{"data":{"target":{"metadata":{"tags":[],"concepts":[]},"sys":{"id":"66oJIoC4JWo30EEriW56F0","type":"Entry","createdAt":"2023-03-17T12:57:03.792Z","updatedAt":"2023-12-18T18:01:13.245Z","publishedVersion":29,"revision":7,"contentType":{"sys":{"type":"Link","linkType":"ContentType","id":"linkInternal"}},"locale":"de"},"fields":{"id":"TGluay1UR2x1YXkwMk5tOUtTVzlETkVwWGJ6TXdSVVZ5YVZjMU5rWXc","title":"Träge Konjunktur und absehbare Bankenkrise","type":"internal","contentType":"podcast","urlParams":[],"utmParams":[],"content":{"slug":"traege-konjunktur-und-absehbare-bankenkrise","brandSlug":"feld-und-haucap"}}}},"content":[{"data":{},"marks":[],"value":"seinem jüngsten Pioneer-Podcast","nodeType":"text"}],"nodeType":"entry-hyperlink"},{"data":{},"marks":[],"value":" an den Unterschied zwischen der Physik und den Wirtschaftswissenschaften. Ein Stein wird durch die Vorausberechnung seiner Flugbahn in selbiger nicht beeinflusst. Die Gesetze der Physik reagieren nicht auf menschliche Prognosen.","nodeType":"text"}],"nodeType":"paragraph"}],"nodeType":"document"}

Autoren