Journal

Incrementum AG Stefan Markus Kremeth Hans G. Schiefen Mark Justin Valek Ronald Stöferle Jeannine Grassinger Dr. Christian Schärer

January 2025

January 10, 2025

Year-End Competition 2024 – and the winner is

Good Morning Ladies and Gentlemen ”History is often characterised not by deterministic power relations, but by tragic mistakes arising from the belief in enticing yet harmful narratives.” Yuval Noah Harari (translated from German into English by myself) Who won? Finally, and once again, the sleepless nights are over; it is time to declare our […]

December 2024

December 13, 2024

Rate Cuts All-Around

Good Morning Ladies and Gentlemen ”What exactly is your ‘fair share’ of what ‘someone else’ has worked for?” Thomas Sowell The ECB Base Rate Cut Expectation The European Central Bank’s (ECB) monetary policy meeting scheduled for yesterday, December 12, 2024, brought no surprises. Expectations were for a rate cut of 25 basis points, reducing […]

November 2024

November 15, 2024

Inflation / Energy and Prosperity / Question for the Weekend

Good Morning Ladies and Gentlemen ”The best obtainable version of the truth.” Bob Woodward U.S. Inflation Data This week’s U.S. inflation data for October showed an increase from 2.4% in September to 2.6% in October. This result is owed to a base effect that was generally in line with expectations and provided the US […]

November 22, 2024

Politics / Nuclear Powerplants

Good Morning Ladies and Gentlemen ”Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly and applying the wrong remedies.” Groucho Marx Last Week’s “Stefan’s Weekly” Last week, I wrote: “Statistics show a clear correlation: as a country’s GDP per capita increases, so does its energy demand. In other words, […]