Opportunities in the crisis: Should one invest in the COVID-19 losers?

With the development of several vaccines, light is visible at the end of the pandemic tunnel. Should investors now invest in COVID-19 losers? And if so, what should be considered? We present thoughts on gastronomy, vaccines and the length of time until normal operation can start. Finally, we deal with the characterisation of promising investments.   Particularly negatively affected sectors…


US government debt - Part 2

US government debt rises to historic highs – Part 2: The government debt Event Horizon Test   In the second part of this series of contributions we develop a simple “sustainability formula” for the national budget. Based on this identity – the formula does not contain any behavioural assumptions and therefore always applies – we check the plausibility of the…


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…


World with COVID-19

The long-term impact of the pandemic on the economy, financial markets and society is difficult to assess. We ask some questions and try to answer them to the best of our knowledge. Along the way, you will learn what the abbreviations SRSSI mean.   Question 1: Will the virus remain a constant companion of mankind? The more decentralized, the more heterogeneous and the more often information…


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…