Fascinating

Dear Ladies and Gentlemen

Thank you very much for all your feedback. I received many emails from people who so far have never shared their thoughts with me. I take this as a compliment to have picked a topic of interest and also as a sign that inflation is on many of my reader’s minds.

Detecting Inflation

As I replied to feedback, I received:  «When it comes to detecting inflation, deflation or anything, really, it always fascinates me to realise that we humans often see facts ex-ante but cannot correctly classify them and then rub our eyes in amazement ex-post.» Everything is on the table; maybe we can see it, and maybe we can not. Maybe we can draw the correct conclusions from what we are seeing, and maybe we can not. Nevertheless, my partners and I are trying to draw the correct conclusions and yet, often fail to predict the right outcome. Mea culpa!

I maybe need to clarify

Maybe, Ladies and Gentlemen, I have not expressed myself precisely in my last weeklies on inflation; I am not against looking at history and considering findings, adding them into the inflation equation; however, I think it is dangerous to extrapolate history into the future.

Very exciting!

In my next weekly, I would like to look at what we can expect from markets in the upcoming months and maybe share some of my thoughts on the relativity of value with you. I hope this will be exciting for all of us.

Please do not hesitate to write back to me and please let me know your views!

… but please do not forget (instead of hitting the reply button) to send your messages to smk@incrementum.li

Many thanks, indeed!

Ladies and Gentlemen, I wish you an excellent start to the day, a wonderful weekend, and above all, good health!

Yours truly,

Stefan M. Kremeth