Journal
Juli 2026
Juni 2026
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A Fragile Calm: Geopolitics, Central Banks, and the Search for Common Ground
Good Morning Ladies and Gentlemen “They make a wasteland and call it peace.” Tacitus With United States President Donald Trump, who recently marked his 80th birthday, having publicly proposed a potential agreement with Iran on 39 separate occasions, it is clear that not only financial markets but also a wide range of stakeholders across […]
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Stalled Politics, Shaken Crypto Markets, and the Limits of Government Action
Good Morning Ladies and Gentlemen “Europe is sleepwalking into economic ruin because of complacency and protectionism.” Serbian President Aleksandar Vučić Why are Governments not acting? I recently had an in-depth discussion with my partner, Dr Christian Schärer, regarding why governments often fail to fulfil their promises to the electorate. Frankly, I believe this is […]
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On Power, Markets, and the Art of Living with Uncertainty
Good Morning Ladies and Gentlemen “Our feelings, it seems, are characterised by our deep immersion in the present and, consequently, by a certain indifference towards the future.” Eva Illouz The current U.S. government under President Trump, it seems, has successfully unsettled not only the United States‘ traditional allies in Europe and Asia but also […]
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Inflation and Behind Last Friday’s Sell-Off: A Story of Crowding and Capital Needs
Good Morning Ladies and Gentlemen “Some people drink from the fountain of knowledge; others just gargle.” Robert N. Anthony What We Can Learn From Last Friday Last Friday, a notable sell-off transpired across diverse asset classes, encompassing bonds, equities, cryptocurrencies, and commodities. This intermarket activity should not be interpreted as indicative of a new […]