Journal
May 2021
April 2021
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The Relativity of Value
Dear Ladies and Gentlemen Thank you very much again for all your feedback! Today I would like to point out some thoughts on the relativity of value. …but first just some more on Inflation Ladies and Gentlemen, I do not feel entirely comfortable in an environment of exploding central bank balance sheets and government budget deficits. […]
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This time is different
Dear Ladies and Gentlemen «The key is not to predict the future but to prepare for it.» Feedback You know, Ladies and Gentlemen, Anton and I received many messages, i.e. feedbacks to the last two issues of «Stefan’s weekly». Thank you very much, Barbara, Gabriel, Bob, Garry, Mark, Anton, Stephen, Robert, Paul and many others, […]
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Waiting for a Crash
Dear Ladies and Gentlemen I received many emails from readers feeling the same as me regarding the comments I made in my prior weeklies on assets with no intrinsic value. So far, some of those assets have shown genuinely outstanding performance, and I am happy for everyone who made money with it! Well done! Where […]
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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. […]