Journal
March 2021
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I am not convinced!
Dear Ladies and Gentlemen I am not convinced! I am not convinced we will see the sort of inflation augurs are expecting. The mainstream media is full of inflation fears; the alternative channels are full of inflation fears; if you are, like I am currently, arguing against it, you get rather lonely. I am used […]
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Biases and Philosophy
Dear Ladies and Gentlemen Wow, my last weekly mail triggered quite some feedback and also led to questions. Many thanks, Ladies and Gentlemen! The Fed’s Mandate Now, most of the feedback and questions hovered around the Fed’s mandate. Some readers feel uneasy with the mandate’s expansion to «maximum employment». I see the point, and one […]
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Crude Oil
Dear Ladies and Gentlemen In July 2020, I did write a weekly on crude oil. My conclusion at the time was the following: «I believe we will see higher crude oil prices in 12 – 24 months from now, as inventory levels will decrease drastically in H2 ». Massive Price Increase In the meantime, crude oil […]
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Bondquake
Dear Ladies and Gentlemen Many thanks for the feedback to my last weekly. Rising interest rates seem on everyone’s mind. But are the recent bond yield increases really sustainable, and are they even showing a new trend? Jerome Powell Yesterday, Federal Reserve Chairman, Jerome Powell, was interviewed during the “The Wall Street Journal (WSJ) Jobs Summit”. […]