Journal
November 2024
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Politics / Nuclear Powerplants
Good Morning Ladies and Gentlemen ”Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.” Groucho Marx Last Week’s “Stefan’s Weekly” Last week, I wrote: “Statistics show a clear correlation: as a country’s GDP per capita increases, so does its energy demand. In other words, […]
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Finally
Good Morning Ladies and Gentlemen ”Power without abuse loses its charm.” Paul Valéry Finally The US election campaign seems to have lasted forever, but it finally ended this week. On Tuesday, November 5, voters decided that former President Donald Trump would succeed President Joe Biden in the White House. They also determined the future […]
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Inflation / Energy and Prosperity / Question for the Weekend
Good Morning Ladies and Gentlemen ”The best obtainable version of the truth.” Bob Woodward U.S. Inflation Data This week’s U.S. inflation data for October showed an increase from 2.4% in September to 2.6% in October. This result is owed to a base effect that was generally in line with expectations and provided the US […]
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Rising Yields? / Elections’ Impact on Financial Markets
Good Morning Ladies and Gentlemen ”Art is like oxygen.” Marina Abramović Rising yields? I was asked why yields are rising in the U.S., and I am happy to share my view. It seems many market participants are selling some of their bond holdings before the elections (= yields are rising) as a hedge against a […]