Journal
August 2024
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GDP Expectation / Unfunded Recession Fears? / Commodities
Good Morning Ladies and Gentlemen “I did not need the special equipment. I’m a natural, natural shooter.“ Turkish shooter Yusuf Dikec, Olympics, Paris 2024 GDP Expectation The Atlanta Fed’s forecast for the third quarter of 2024 (GDPNow) is 2.9%. A nowcast value of 2.9% means an increase of 0.4 percentage points compared to the previous […]
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Reason / Compounding / 1. of August 1291 / The Paris 2024 Olympics
Good Morning Ladies and Gentlemen “Reason only makes sense in the context of irrationality; it’s not reasonable to always strive for rationality.” from “unknown” to me Compounding in Asset Management The compound interest effect is a powerful strategy that can inspire us to leverage small, seemingly insignificant actions to generate significant gains in […]
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Jackson Hole / ECB / Swiss National Bank / Emotional Intelligence
Good Morning Ladies and Gentlemen ”Emotional intelligence is a crucial social skill for effective management.” From old course materials from the University of Liechtenstein for the Executive MBA, which I completed a long time ago Jackson Hole The three-day Jackson Hole Economic Symposium, hosted by the Federal Reserve Bank of Kansas City, started yesterday […]
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From Interest Rate Hopes to Recession Fears and Back Again and Some Stats
Good Morning Ladies and Gentlemen “One must beware of ministers who can do nothing without money and those who want to do everything with money.“ Indira Gandhi Interest Hopes Over the past few months, investors have been optimistic about declining interest rates. However, investor sentiment quickly worsened after the recent Fed meeting, during which […]