Journal
February 2025
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The Political Downside of Money Printing
Good Morning Ladies and Gentlemen ”That most delicious of all privileges – spending other people’s money.” John Randolph of Roanoke In my view, the political ramifications of money printing manifest in an escalating dependency on the state for various forms of support. Events such as the Great Financial Crisis, the pandemic, and the Ukraine […]
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Monthly Gold Compass – February 2025
We are happy to present to you our Monthly Gold Compass for February 2025. It is packed with our most popular charts.
January 2025
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Central Bank Action / Economic Growth
Good Morning Ladies and Gentlemen ”Just the facts, Ma’am.” Joe Friday, Dragnet Last Week’s “Stefan’s Weekly Thank you for the feedback on last week’s edition of “Stefan’s Weekly”. Before getting into today’s topic, let me add another comment to last week’s discussion. Politicians need to prioritise their service to the state, which encompasses the […]
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Incrementum All Seasons Fund Seasonal Reflections – 2025/01
The fund manager’s reflections on important political and macro topics and how they affect his management of the fund.