Turn of the year

A turn of the year is always characterized by reflections on the past and the future. The passing of the present to the past as well as of an expected future to the present offers the opportunity to analyse a longer period of time. It also offers the opportunity to escape the “time compression” of the digital world and to place events in a reasonable time frame. But what is time and…


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…


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…