US government debt - Part 3

Investment conclusions – US government debt – Part 3   In the third and final part of this series of articles we want to reflect on possible investment conclusions.   FED will finance increasingly undisguised US government debt What is this analysis good for, what could be the investment relevance? Investors can assume that an increasingly large share of government debt…


US government debt - Part 1

US government debt rises to historic highs – Part 1: What does this have to do with black holes and what are the investment policy consequences?   Unfortunately, there is nothing encouraging to report regarding the development of US government debt. It is at its highest level since 1944. In the first part of this series of articles, we outline the development of US government debt…


(Still) No V-shaped recovery in sight

Is the belief of investors that central banks can achieve a robust V-shaped economic recovery with expansive monetary policy only an illusion? What can be learned from trade flows and what does the new inflation target mean?   In the following, we will examine what central banks can achieve with an expansive monetary policy. We take a brief look at the latest report of the World Trade…


Investment parameters in the 2nd quarter 2020

Politics and economy Strict regulations in private and professional life are intended to contain or control the spread of the coronavirus. Aid packages of USD 2 trillion in the USA and EUR 540 billion in Europe are available to minimize the impact on the respective economies. Both are remarkable considering that the US is spending around 10% of GDP and that Europe was previously unable to agree…


Corona - do what?

This blog post raises questions about what could be done to minimize the health, economic and emotional damage caused by the COVID-19 virus. You will also learn what pandemics could have to do with space travel and why exploring foreign planets and tracking down “extraterrestrial life” could be so difficult. The analysis should be a controversial basis for discussion.   1. Should…


Coronavirus as a catalyst for change

The event described by Nassim Taleb as the “Black Swan” has occurred. Since February 24, 2020, the main stock markets have almost lost last year’s profits. The reason for this was and still is the outbreak of the coronavirus (Sars-CoV-2, COVID-19). Although the coronavirus is a low blow, it also provides an opportunity to rethink previous strategies and processes and to act as a…