Journal
Oktober 2024
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ECB / Entitlement Society
Good Morning Ladies and Gentlemen ”Anyone can make it, but not everyone.” Gerd Ziegler ECB Before we dig into today’s somewhat philosophical topic, let us quickly look at what happened on the interest rate front. Yesterday’s European Central Bank (ECB) meeting resulted in the widely anticipated 25 basis point interest rate cut. Another 25 basis […]
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The Road to Year-End
Good Morning Ladies and Gentlemen ”Peace is not everything, but everything is nothing without peace.” Willy Brandt Weakness Yesterday, I received a query from a reader regarding the recent market downturn, and I am pleased to offer my perspective. To begin, 2024 has been an outstanding year thus far, and our investment portfolios have […]
September 2024
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China, Iran and Ronni’s Trip to the U.S.
Good Morning Ladies and Gentlemen ”Honi soit qui mal y pense” The motto of the English Order of the Garter Chinese Central Bank On Tuesday, the Chinese financial supervisory authority provided a considerable tailwind with the announcement of several measures. For example, the minimum reserve requirements for banks are to be lowered by 50 […]
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Interest Rate Cuts are good for Equities
Good Morning Ladies and Gentlemen ”More jargon equals more bullshit, and more bullshit equals more billable hours.” Phil Elwood Cut Number 1 As anticipated, the ECB has reduced the deposit rate by 0.25% to 3.5%. This action positively influenced European financial markets, while currency markets remained relatively stable. Following ECB chief Christine Lagarde’s remarks […]