Journal
April 2024
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What if China …
Good Morning Ladies and Gentlemen “I’m afraid the masquerade is over…” From the song “The Masquerade is Over” by Allie Wrubel & Herb Magidson What if China What if China, as suggested in a recent article in a biweekly Swiss financial newspaper, exports goods at subsidised prices to markets outside China due to sluggish domestic […]
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Quarterly Reporting
Good Morning Ladies and Gentlemen “Hedonistic societies do not endure.” by George Orwell Extract from the quarterly reporting for our private customers Today, I want to share some extracts from our quarterly report to Incrementum’s private clients. Comparison of returns What return would you have generated if you had invested in standard asset classes from […]
March 2024
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Zero Gravity /Blessing and a Curse
Good Morning Ladies and Gentlemen “Government spending is taxation. When you look at this, I’ve never heard of a poor person spending himself into prosperity, let alone of a poor person taxing himself into prosperity.” by Arthur Laffer, Professor of Business Economics and member of President Reagan’s Economic Policy Advisory Board Zero gravity According to […]
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Descriptive versus Normative Perception
Good Morning Ladies and Gentlemen “I had great anxiety and no means of relieving it.” by Sir Winston Leonard Spencer-Churchill Descriptive perception Descriptive perception is thought to mean understanding how the individual, society, or world actually is. European Central Bank (ECB) I Despite a faster decline in inflation, the European Central Bank is waiting […]