Journal
May 2025
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American “What Else”? A Potpourri
Good Morning Ladies and Gentlemen ” In a gold rush, do not invest in gold mines but in shovels.” André Kostolany Today’s “Stefan’s Weekly” is a bit of a potpourri, for which I ask your pardon. But many things happened during the last seven days, and I would like to cover them at least […]
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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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Exploring Liechtenstein: A Hidden Jewel in The Heart of Europe
”What exactly is your ‘fair share’ of what ‘someone else’ has worked for?” Thomas Sowell – American economist, economic historian, social philosopher and political commentator.
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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 […]