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The author wrote that a standalone bungalow from the 1980s with a full basement and 800 square meters of land had initially been offered for 680,000 euros in his street and remained online for one to two years. The most recent asking price was 500,000 euros. A young family with children would have had to extensively renovate and expand the house, which would have incurred an additional cost of around 300,000 euros. With a total expenditure of 800,000 euros, he believed the purchase was neither market-oriented nor affordable. He therefore told his wife that it was unlikely such a family would move in. A few weeks ago, the house was sold to a childless couple in their early 50s who only wanted to renovate and not remodel. The author suggested that the market for single-family homes is still being supported by such examples, but the trend is clearly heading downward. He also mentioned older individuals or people who had inherited as possible buyers for the house. #Immobilienmarkt #Hausverkauf #Einfamilienhaus (translated)

Emanuel Boeminghaus wrote that the number of visitors to the Cannstatter Volksfest has dropped from 4.2 million to 2.5 million. He calculated the decline at 1.7 million guests and said that while Munich is growing, the responsible parties in Stuttgart are celebrating the atmosphere. Boeminghaus criticized that the decline is apparently being portrayed as a success. https://t.co/J5zEgoD7sA #Stuttgart #Volksfest #Niedergang (translated)

Maxim Röder wrote that he sees no long-term reasons for concern about ServiceNow and has already explained his assessment in detail this year. Corporations do not only buy software, but also certifications, liability, support guarantees, audit trails, and a data model that has received millions of customizations over the years. Therefore, the switching barrier is very high. According to Röder, a clone created with Vibe Coding does not offer these safeguards. In case of errors in productive operation, the liability question arises, and no CIO will risk their neck for that. Additionally, large corporations have different approval processes, security standards, and regulatory requirements than small companies. According to Röder, ServiceNow positions itself as a deeply integrated platform that connects various AI models and data sources and orchestrates processes in companies securely. For investors, the question is not whether AI scripts will replace enterprise software, but how quickly and effectively ServiceNow will monetize new AI licenses. #Software #KI #ServiceNow (translated)

A Kiel businessman criticized a sugar tax as pointless and referred to it as theft. As an alternative, he pointed to Chile, where strict labeling for foods with too much fat, sugar, or calories was introduced in 2016. The products received large warning labels on the packaging; additionally, their advertising on children's television and their sale in schools were banned. According to the Kiel businessman, manufacturers subsequently made their products significantly healthier. Within a few years, children and adults became slimmer, and the awareness of healthy eating increased among the population. He advocated for clear labeling instead of a tax and criticized the traffic light system used in Germany as opaque. He cited the influence of the food manufacturers' lobby as the reason for this. #Zuckersteuer #Lebensmittelkennzeichnung #GesundeErnährung (translated)

Furkan Yildirim asked why Wall Street professionals are currently preparing for a potential severe stock market crash, in his view, even though the S&P 500 is just below its record. He cited data such as the Skew Index and pointed out that hedge funds are positioned defensively according to Goldman Sachs as they have been for years. In six weeks, S&P 500 futures worth $63.7 billion have been sold; at the same time, there are record bets on falling prices for small US stocks. There is particular demand for protection against extreme cases. Yildirim announced a macro deep dive with 20 charts from Goldman Sachs, BofA, Deutsche Bank, and TS Lombard. In it, he wants to address market positioning, possible parallels to 1987, 1994, 2000, or 2023, three scenarios weighted by him, and possible consequences for gold and Bitcoin. He asked whether he should record the video on the same day. #Marktanalyse #Investment #Wirtschaft (translated)

The Hayek Club Weimar described socialism as a beneficial business model for politicians. State benefits and subsidies created dependency and thus secured voter support, the account wrote. Politicians would thereby become suppliers and citizens clients. In contrast, capitalism posed a threat to the political class, argued the Hayek Club Weimar, because it rewarded personal responsibility, innovation, and private initiative, making people more independent of the state. Regulations intended to tame the market served, according to the account, to limit competition and protect established interests. The account also accused politicians of portraying capitalism as unjust and antisocial while presenting the state as a moral authority. The state did not want free individuals but dependent subjects, wrote the Hayek Club Weimar, linking its criticism to calls for freedom and property as well as a rejection of taxes and state coercion. #FreiheitstattKnechtschaft #SteuernsindRaub #Eigentum #Freiheit #ParasitenwegmitEuremZwang #Freiheit #Kapitalismus #Sozialismus (translated)

Marc Friedrich wrote that France is bankrupt, characterized by unrest, and has a state quota of 57 percent. At the same time, he believes the country needs more and more taxes and sources of revenue. In the finance committee of the National Assembly, an exit tax on cryptocurrencies has been decided: Those leaving the country with more than 800,000 euros in Bitcoin or other cryptocurrencies will have to pay; coins on exchanges will also be affected. Starting from January 1, 2027, exchanging into stablecoins will also be considered a taxable sale. The proposal will go into the budget debate on October 13. Friedrich warned that first money will be devalued, then assets will be taxed that people use to escape from this money, and finally the escape itself will be taxed. He wrote that the planned tax is part of creeping capital controls; France is just the beginning, and Germany is closely watching the development. He described Bitcoin as freedom rather than a speculative object and wrote that the state wants to control it for this reason. He advised diversifying assets and also thinking across different countries and legal systems. #Frankreich #Bitcoin #Steuern (translated)

The permission for Russia to sell oil products is an investment in the war (against Ukraine) that must be ended and not prolonged. On Telegram, Zelensky wrote: "The permission for Russia to sell oil products is an investment in the war (against Ukraine) that must be ended and not prolonged." #Trump #Selenskyj #Ukraine (translated)

Furkan Yildirim wrote that the US Treasury could auction fewer long-term government bonds as early as November and possibly discontinue the 20-year term altogether. According to Yildirim, Citigroup expects Secretary of the Treasury Scott Bessent to announce a $3 billion reduction in auctions for 20- and 30-year bonds each on November 4. The financing gap is to be closed with government securities maturing within a year at the latest. The department may also ask large banks next week whether pension funds now prefer bonds from Amazon, Meta, and Alphabet to those of the state. The 20-year bond was reintroduced in 2020 after a 34-year hiatus and now offers nearly 5.7 percent interest, more than any other US maturity. At the end of 2020, its yield was just under 1.5 percent. At the same time, Alphabet, Amazon, Meta, Microsoft, Oracle, and SpaceX had already issued dollar bonds amounting to more than $180 billion in 2026; according to Yildirim, Amazon's bonds extend to 2076. According to asset manager TwentyFour, which Yildirim cited, Japanese investors are now receiving enough interest at home to invest their money there. Citi strategist Jason Williams wrote that pension funds may currently be more inclined than usual to invest in long-term corporate bonds of good quality. However, BNP Paribas strategists doubted that smaller auctions would reduce the government's financing costs. Yildirim also pointed out that the yield on 10-year US bonds serves as a basis for mortgages and many other loans, and Bessent had referred to it as an important measure of his success. With an annual deficit of nearly $2 trillion, the debt burden continues to grow as competition for long-term buyers increases. #Finanzen #Anleihen #Wirtschaft (translated)

Security researchers from Bitdefender have found that several thousand inexpensive Android smartphones sold in around 150 countries, including Germany, contain pre-installed malware that is difficult to remove and gives attackers extensive access to the devices. #SmartphoneSicherheit #Schadsoftware #Bitdefender (translated)

The author described the situation at BMW as chaotic and wrote that the IT system had collapsed because too many employees wanted to leave the company voluntarily. He also criticized an action where cars were only sold in exchange for a loyalty proof and asked what was wrong with the success-driven corporation. https://t.co/RKc8LEiF9j #BMW #Unternehmen #Chaos #DE (translated)

Max Otte wrote that Donald Trump reported on Truth Social about a deal with Vladimir Putin, according to which Russia was to sell 4.8 million tons of diesel fuel to the USA and global markets. Otte described Trump's actions as strategically contradictory: on one hand, Trump is closing the deal, while on the other hand, American weapons and intelligence contribute to damaging or destroying refineries in Russia. Otte wrote that the deal could, in this case, contribute to a quicker end to the Ukraine war. #Trump #Putin #Ukrainekrieg (translated)

The permission for Russia to sell oil products is an investment in the war (against Ukraine) that must be ended and not prolonged. Sharp criticism came from Ukrainian President Volodymyr Zelensky: "The permission for Russia to sell oil products is an investment in the war (against Ukraine) that must be ended and not prolonged," he wrote on Telegram. #Trump #Russland #Diesellieferungen (translated)

BrennpunktUA wrote that the US midterm elections are in three weeks, and by then no Russian diesel will reach the USA. Trump knows this and doesn't really need the fuel but is looking for someone to blame for the high diesel prices, according to the author's assessment. Trump had already tried to blame Ukraine a few weeks ago. This attempt failed because the situation with Iran and in the SoH is 90 percent responsible for price development. Given the poor prospects for the Republicans, Trump is now once again trying to bring a deal with Putin into play. BrennpunktUA advised Ukraine not to attack Russian refineries in the coming three weeks and instead focus on other strategic targets. Otherwise, President Volodymyr Zelenskyy could fall into Trump's trap. The author also asked where the diesel was suddenly supposed to come from and wrote that the fuel shortage in Russia is not over, and the country continues to import refined fuel for its own population. From his experience, nothing happens in the last four weeks before a major US election that is not related to the election. Trump will try to lower gas prices with PR actions in the coming three weeks and present this as his own success. If the Democrats get outraged over Trump's push for Russian diesel, they could also fall into the trap, BrennpunktUA wrote. Trump could then present himself as the one ensuring that Americans can afford their fuel fill-up. #Trump #USA #Wahlen (translated)

Regina Laska wrote that Donald Trump promised hundreds of thousands of tons of Russian diesel after a phone call with Vladimir Putin. The U.S. Treasury then allowed an exemption from the sanctions. Given the midterms in four weeks and a diesel price at record levels, Laska interpreted the move as a possible campaign maneuver. In mid-September, Trump publicly called on Volodymyr Zelensky to stop attacks on Russian refineries. According to a Reuters report led by Laska, at that time three of the six largest Russian diesel refineries were shut down or operating at limited capacity. She also pointed to a Russian export ban on diesel until the end of October and noted that Russia imported almost seven times as much diesel from Belarus from January to July as in the same period of the previous year. Deputy Prime Minister Novak is now talking about surpluses, she wrote; however, it is unclear whether the announced delivery quantities and deadlines will actually be met. Zelensky offered to stop Ukrainian attacks on Russian refineries if Russia ends its attacks on Ukrainian energy infrastructure. Laska referred to this as a symmetrical de-escalation offer that is on the table for the Americans. She also cited rocket attacks on a residential building in Pryluky, glide bombs on city buses in Kramatorsk, and shelling of the energy supply in Kyiv, Dnipro, Kharkiv, and Odesa. She warned that Russia would respond to the diesel with terrorism. The EU also criticized Laska: On September 22, Usmanov and Fridman were removed from the sanctions list under pressure from France, Slovakia, and Luxembourg. According to Laska, Zelensky pointed out that the attacks had since increased. At the same time, the EU extended the remaining personal sanctions from six months to three years. Latvia had long resisted the compromise and ultimately paved the way for it by abstaining. Laska compared Trump's diesel concession to Russia with the European compromise in favor of unanimity. In her view, the costs of such agreements are borne not by their authors but by the people in Pryluky, Kramatorsk, Zaporizhzhia, and Oleshkiv. #Trump #Putin #Dieselpreise (translated)

Anna wrote that Donald Trump announced on Truth Social the delivery of 4.8 million tons of Russian diesel. The agreement was made during a phone call with Vladimir Putin, whose army is bombing Kyiv. The price of diesel is over $6, also due to Trump's Iran war, Anna wrote. This became a problem for him before the midterms. In September, Trump blamed Volodymyr Zelenskyy for attacking Russian refineries; now he is catering to Putin, according to her account. Russia imposed its diesel export ban because of exactly these attacks. Putin said eight days earlier that the diesel could not be sold abroad due to sanctions. Trump did not mention the sanctions in his announcement; whether the Kremlin confirms the stated amounts is unclear, Anna wrote. She contrasted this with the original justification for the Iran war: saving Iranians and making the world safer. Meanwhile, nobody talks about the Iranians anymore, while North Korea flatters Trump and Russia supplies him. Anna asked what a president fights for who flatters Kim Jong Un, bombs Iran, demands the largest island from Denmark, and orders diesel from Putin. In her assessment, the USA is currently dancing at all weddings at the same time. Anna cited AP and The Hill from October 9 and CNN from September 15 as sources. #Trump #Putin #Dieselpreise (translated)