DIE KI-THESE WACKELT! Was die Börse unterschätzt / Interview mit Johannes Mayr

The shortage of memory chips is causing prices to skyrocket. This won't be the last shortage we have to prepare for. Times have changed, says Johannes Mayr, Chief Economist at asset manager Eyb & Wallwitz. Scarcity will once again become a dominant theme. I spoke with him about the consequences this will have for the economy and investments. 🚀 [Advertisement] Open your account with Trading212 and receive shares worth up to €100: https://www.trading212.com/de/join/RWR More information about the retirement savings account can be found here: https://www.trading212.com/de/retirem... Disclaimer: Investments involve risks. Spreads and product costs may apply. Interest rate is p.a. and variable. Balances are held at partner banks and money market funds. Further information and terms and conditions at trading212.com For years, we knew only abundance: cheap goods thanks to globalization, inexpensive energy, and near-zero interest rates. But those days are over! In this interview, we discuss the three major forces currently creating new shortages: 1️⃣ *Geopolitics:* The struggle for resources (e.g., rare earths, oil) and trade routes as a political tool. 2️⃣ *Economic Policy:* Expansionary government interventions prevent necessary adjustments in market demand. 3️⃣ *AI & Innovation:* Why the AI ​​boom is creating its own shortages (memory chips, energy, capital) and what this means for economic growth. What does this mean for our money? Johannes Mayr explains why the classic portfolio of stocks and bonds is under pressure in times of scarcity and inflation, and which "scarcity assets" (such as energy, semiconductor manufacturers, or banks) investors should now take a closer look at. Key points: 00:00 From Abundance to a New Era of Scarcity 02:06 Three Factors Causing Shortages 07:56 Scarcity Is Interesting for Investors 10:33 The Market's Error 14:17 Where the Next Scarcity Looms 15:25 Hardly Any Impact on Growth: Many Waves of Innovation Have Fizzled Out 21:32 The Four Phases of the Capital Market 24:39 Important Lessons for Your Portfolio 27:44 "Innovation Creates Its Own Scarcity" 31:10 Is the Fed Facing a Bad Decision? 34:20 Scarcity as a Means of Pressure