Journal
May 2023
-
Valid Thoughts on the Concept of Fiduciary Duty
Good Morning Ladies and Gentlemen «The1930s depression was wide, deep, and prolonged because there was no international lender of last resort.» (The World in Depression, 1929-1939, Charles Kindelberger) Valid thoughts on the concept of fiduciary duty In his latest edition of the «Seasonal Reflections», my partner Hans elaborates on his trip to the […]
-
Last Hike?
Good Morning Ladies and Gentlemen Today’s financial press, research, and analysts’ comments were full of reasons why yesterday’s interest hike by the U.S. Federal Reserve was the last one for this interest rate cycle. Before sharing my view on this topic with you, let me quickly go back to last week’s Stefan’s weekly. Your comments Many thanks, […]
-
Crash Influencers
Good Morning Ladies and Gentlemen «The crash influencers who run their investment funds earn money themselves with expensive tips.» NZZ am Sonntag; May 21, 2023 Perception Financial markets are all about perception, at least short-term and bad news sells better than good news; I understand that. However, even with this in mind, and […]
-
Tipping Point?
Good Morning Ladies and Gentlemen «The best way to destroy the capitalist system is to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens.» John Maynard Keynes One last hike? It seems most of my readers think this was […]