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Journal

All #nonInflatable Advisory Board Gold and Silver IASF / Seasonal Reflections In the Press Inflation Diversifier Fund Presentation Research Stefan's Weekly worth knowing
Incrementum AGStefan Markus KremethHans G. SchiefenRonald StöferleMark Justin ValekJeannine GrassingerDr. Christian Schärer

October 2023

  • October 6, 2023

    Nonideal Theory

    Good Morning Ladies and Gentlemen   “‘The distinction between ideal theory and nonideal theory was first introduced by John Rawls in his classic “A Theory of Justice”. Given certain facts about human nature and possible social institutions, Rawls’s ideal theory is an account of the society we should aim for and involves two central assumptions. First, […]

  • October 13, 2023

    Interest Rate Ups and Downs

    Good Morning Ladies and Gentlemen   “If term premiums rise, they could do some of the work of cooling the economy for us, leaving less need for additional monetary policy tightening.”  Lorie K. Logan, president and chief executive officer of the Federal Reserve Bank of Dallas   What is happening? Although it seems that the […]

September 2023

  • September 22, 2023

    ETFs on Bitcoin

    Good Morning Ladies and Gentlemen   “Do people become unhappy when they are full and unthreatened?.” anonymous Introduction Ladies and Gentlemen, I was asked to participate in a short interview for the Swiss-French Magazine “BILAN” by its former editor-in-chief. The topic was BlackRock’s and Templeton’s application for licenses to issue Bitcoin ETFs. I had the […]

  • September 8, 2023

    Ideology

    Good Morning Ladies and Gentlemen   «You can always tell when a man’s well-informed. His views are pretty much like yours.» Bob Hope No big fan I receive many emails from readers who seek total financial protection from the next financial crisis, global economic crisis or worse, World War III. The ones following my “Stefan’s […]

  • September 29, 2023

    Liechtenstein

    Good Morning Ladies and Gentlemen   “‘Hindsight bias makes surprises vanish.” Daniel Kahneman Introduction Ladies and Gentlemen, some months ago, I was asked to write an article on Liechtenstein as a hub for private wealth management services for the executive global magazine. I looked at it as an exercise to see if I would still […]

  • September 15, 2023

    Bottom-Up

    Good Morning Ladies and Gentlemen   “It is also human not to always give in to every fear.” Joachim Wilhelm Gauck, President of Germany from 2012 to 2017   Last weekly Ladies and Gentlemen, I received significant feedback for my last “Stefan’s Weekly”. In summary, I am happy to report that many readers share my conviction […]

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