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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
Stefan Markus KremethRonald StöferleIncrementum AGHans G. SchiefenMark Justin ValekJeannine GrassingerDr. Christian Schärer

January 2025

  • January 24, 2025

    European Equities / Common Sense / Liz Taylor

    Good Morning Ladies and Gentlemen   ”Put on some lipstick and pull yourself together.” Elizabeth Taylor   In our increasingly complex world, many individuals seek simple explanations for a wide range of issues. It’s all too easy to assign blame to a single person or group for problems such as unemployment, inflation, pandemics, and other […]

  • January 10, 2025

    Year-End Competition 2024 – and the winner is

    Good Morning Ladies and Gentlemen   ”History is often characterised not by deterministic power relations, but by tragic mistakes arising from the belief in enticing yet harmful narratives.” Yuval Noah Harari (translated from German into English by myself) Who won? Finally, and once again, the sleepless nights are over; it is time to declare our […]

  • January 31, 2025

    Central Bank Action / Economic Growth

    Good Morning Ladies and Gentlemen    ”Just the facts, Ma’am.” Joe Friday, Dragnet Last Week’s “Stefan’s Weekly Thank you for the feedback on last week’s edition of “Stefan’s Weekly”. Before getting into today’s topic, let me add another comment to last week’s discussion. Politicians need to prioritise their service to the state, which encompasses the […]

  • January 17, 2025

    Bringing Jobs Back To The U.S.

    Good Morning Ladies and Gentlemen   ”Our species can only survive if we have obstacles to overcome. You remove those obstacles. Without them to strengthen us, we will weaken and die.” Captain James T. Kirk   I believe it is time to examine the likelihood of President-elect Trump’s promise to bring manufacturing jobs back to […]

December 2024

  • December 13, 2024

    Rate Cuts All-Around

    Good Morning Ladies and Gentlemen   ”What exactly is your ‘fair share’ of what ‘someone else’ has worked for?” Thomas Sowell The ECB Base Rate Cut Expectation The European Central Bank’s (ECB) monetary policy meeting scheduled for yesterday, December 12, 2024, brought no surprises. Expectations were for a rate cut of 25 basis points, reducing […]

  • December 20, 2024

    Value of the Non-Intrinsic / Merry Christmas

    Good Morning Ladies and Gentlemen   ”It is ideas, not vested interests, which are dangerous for good or evil.” John Maynard Keynes Non-Intrinsic It is in the nature of things and a well-documented phenomenon that individuals tend to overestimate the validity of their personal analyses and perspectives and underestimate those of others. I am aware […]

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