The decline in interest rates on long-term German government bonds since 1989 is largely due to the FOMC meetings of the Fed. The ECB has almost no influence on long-term interest rates.

The likelihood of economic catastrophe under Trump is low, with the biggest bottleneck being Trump's own unpredictability, which could lead to instability at home and abroad.

The Bank of Japan has come under pressure to tighten monetary policy. This has considerable repercussions for Japan itself and for the international financial markets.

Government bloat is often accompanied by efficiency losses and performance problems, which harms both the state sector and the economy.