Journal
May 2025
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The Very Big, Beautiful Gold Report
Good Morning Ladies and Gentlemen ”There is frustration with a state growing while the infrastructure is rotting.” A quote by a journalist about the situation in Germany The current fiscal policy of the United States administration, the big and beautiful bill, characterised by a combination of tax reductions and inadequate efforts at expenditure reductions, […]
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A Hidden Jewel in the Heart of Europe
Good Morning Ladies and Gentlemen ”The history of high tariffs shows extreme danger: 1890s McKinley Tariff led ~60% EPS drop in S&P 500; 1930s Smoot-Hawley Tariff led 70% drop.” Societe General Today’s discourse centres on the Principality of Liechtenstein, a small nation in Central Europe. I have been tasked with composing an article for […]
April 2025
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Money is a Scarce Resource
Good Morning Ladies and Gentlemen ”All the socialists understand about money is that they want it from others.” Konrad Adenauer The Gap US consumer confidence has yet to recover from the downturn caused by the COVID-19 pandemic in spring 2020. In contrast, the S&P 500 has reached new all-time highs, leading to a widening […]
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Unfair! So What!
Good Morning Ladies and Gentlemen ”Every champion was once a contender who refused to give up.” Rocky Balboa People often remain unaware of perspectives outside their bubble, a realisation that is not particularly new. Nevertheless, instead of responding with indignation to the Trump administration’s tariffs, I believe that global political leaders and the […]