Journal
October 2024
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Self-Realisation / Strong Period Ahead / Beige Book / Uncertainty
Good Morning Ladies and Gentlemen ”Maturing hurts.” Richard David Precht Entitlement Society: last week’s topic Thank you all for the emails I have received. Many people shared their thoughts in response to my views on an entitlement society, and I genuinely appreciate it. I was especially pleased that I am not the only Supertramp […]
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Year-End Competition: an Update
Good Morning Ladies and Gentlemen ”It would also be nice if I were 6’2”, had a full set of hair, and stayed an even 190 pounds throughout adulthood. However, all these wishes are pipe dreams, so we need to make do with what we have.” Kevin Muir (the MacroTourist) Update Already Q4 again. I […]
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ECB / Entitlement Society
Good Morning Ladies and Gentlemen ”Anyone can make it, but not everyone.” Gerd Ziegler ECB Before we dig into today’s somewhat philosophical topic, let us quickly look at what happened on the interest rate front. Yesterday’s European Central Bank (ECB) meeting resulted in the widely anticipated 25 basis point interest rate cut. Another 25 basis […]
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The Road to Year-End
Good Morning Ladies and Gentlemen ”Peace is not everything, but everything is nothing without peace.” Willy Brandt Weakness Yesterday, I received a query from a reader regarding the recent market downturn, and I am pleased to offer my perspective. To begin, 2024 has been an outstanding year thus far, and our investment portfolios have […]