Tribute to Bauhaus School

A tribute to the centenary of the establishment of the Germany’s Bauhaus school is being held in Tel Aviv.  Photographer Mozes Victor Konig is thrilled to have been able to check out the exhibition that is being held at the Diaghilev Hotel at The Gallery from June 13 until July 27.

“I read about Less Is More: Israeli Art Homage to Bauhaus in an entertainment journal online.  Given that my father’s mother originated from Weimar before escaping the Nazis, I thought it would be fitting that I visit the event that is happening in our land,” Konig explained.

“As an artist of sorts myself, I was most impressed to learn the history of the school which is very arts-centric, using both fine art and craft arts. Even more so because this type of art has had a very strong influence on design and architecture right here in Israel.”

Exhibit curator is Ilan Wigan and some of the participating artists include: Liat Elbling, Ohad Meromi and Nahum Tevet.

Growth of US Economy

There are so many conflicting reports about the growth – or lack thereof – of the US economy.  Here we take a look at some of those and try to present them in a way that the reader can come up with their own conclusion.

In Q1 2019, there was a growth of 3.1 percent in the economy. While there has been a slight deceleration in job hiring, jobs have still been added for more than 100 consecutive months. Plus this month we are seeing more expansion than even that of the 1990s boom, making it the longest stretch of time of continuous growth.

According to economist Todd G Buchholz:

“There is a dirty little secret in economics today. The United States has benefited – and continues to benefit – from the global slump.”

Even though there is currently a Brexit-fed-UK crisis; a French yellow-vest-unrest and a Chinese fear of foreign market bombardment, this global turbulence is not impacting America in the way one would imagine.

Indeed, in 2018 when the US economy grew by 2.9 percent it was unrivalled by its European counterpart that pulled in a mere 1.8 percent in economic growth.  Buckholz puts some of this down to the “sluggish GDP outside of America…low interest rates and weak inflation…puny looking yields on bank certificates of deposits (CDs).”

U.S. Treasuries Fall As Growth Increases

As U.S. growth increases, treasuries have fallen, according to recent data which revealed growth in both business equipment orders as well as home purchases. Meanwhile, Benchmark notes increased yesterday as concerns regarding the Eurozone heighten and reports revealed that U.S. consumer confidence has fallen.
“The Conference Board consumer confidence report is important, but the reaction was probably excessive,” said Alessandro Mercuri  of Lloyd Bank Corporate Markets in London. “We’ve had a streak of stronger data. If we have a softening of concerns in Europe, we might have a bear steepening in the U.S.”