Journal
November 2022
-
U.K. under pressure?
Good Morning Ladies and Gentlemen In his iconic book «The Sun Also Rises» or «Fiesta», Ernest Hemingway’s character Michael Campbell (Mike) is asked how he went bankrupt, and this is his answer: «Two ways. Gradually, then suddenly.» Brexit In 2018 I was asked to share my view on BREXIT, which led to an article […]
-
Year-End Competition third and final update
Good Morning Ladies and Gentlemen Admin Today I have to start on a personal note. As you know, in every «Stefan’s Weekly» I am writing the following at the end: « As always, please share your opinion with me, but please do not forget (instead of hitting the reply button) to send your messages to: smk@incrementum.li […]
-
Having, wanting, and the history of bull markets
Good Morning Ladies and Gentlemen «After a time, you may find that having is not as pleasing as wanting. It is not logical but is often true». Spock, Star Trek, Season 2, Episode 1 – Amok Time, 1968 Dinner with friends I had this interesting discussion with friends over dinner. Four couples, tasty food, great […]
-
Precious metals-backed cryptocurrencies
Good Morning Ladies and Gentlemen «Happiness is contagious; spread it!» (from a fortune cookie) Once in a while, I receive emails with questions about cryptocurrencies. For example, one reader argued that cryptocurrencies backed by precious metals would be tangible. Another reader asked me if governments/central banks could issue cryptocurrencies out of thin air. Of course, […]