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Tag: inflation
Quarterly Investment Review – Q2 2021
Quarterly Investment Review - Q2 2021 Markets continued to move ahead in the second quarter as vaccinations were rolled out, allowing lockdowns to be eased. The vaccination process is most advanced in the US, with Europe a couple of months behind, and the Emerging Markets only really starting their programs…
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Quarterly Investment Review – Q2 2021
Quarterly Investment Review - Q2 2021 Markets continued to move ahead in the second quarter as vaccinations were rolled out, allowing lockdowns to be eased. The vaccination process is most advanced in the US, with Europe a couple of months behind, and the Emerging Markets only really starting their programs…
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Revue Trimestrielle des Investissements – T2 2021
Revue Trimestrielle des Investissements - T2 2021 Au deuxième trimestre, les marchés ont poursuivi leur ascension au fil de la levée des confinements favorisée par les campagnes de vaccination. Les plus avancées sont aux États-Unis, l’Europe suivant avec quelques mois de décalage, et le processus ne fait que réellement commencer…
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Quarterly Investment Review – Q2 2021
Quarterly Investment Review - Q2 2021 Markets continued to move ahead in the second quarter as vaccinations were rolled out, allowing lockdowns to be eased. The vaccination process is most advanced in the US, with Europe a couple of months behind, and the Emerging Markets only really starting their programs…
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Quartalsbericht zur Investmententwicklung – Q1 2021
“Und Anleihen sind im Moment nicht die Topadresse. Können Sie sich vorstellen, dass der Ertrag, den 10-jährige US-amerikanische Treasury Bonds – deren Rendite am Jahresende bei 0,93% lag – aktuell 94% geringer ist als im September 1981, als die Rendite 15,8% betrug? In bestimmten wichtigen grossen Ländern wie beispielsweise Deutschland…
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Revue Trimestrielle des Investissements – T1 2021
“Et ce n’est pas le moment d’être investi en obligations. Rendez-vous compte! Les revenus des bons du Trésor américain à dix ans - dont le rendement était de 0,93% en fin d’année - avaient récemment chuté de 94% par rapport aux 15,8% proposés en septembre 1981! Dans certains grands pays…
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Quarterly Investment Review – Q1 2021
“And bonds are not the place to be these days. Can you believe that the income recently available from a 10-year U.S. Treasury bond – the yield was 0.93% at yearend – had fallen 94% from the 15.8% yield available in September 1981? In certain large and important countries, such…
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Chart of the Month – FED vs Growth for Emerging Markets
FED vs Growth for Emerging Markets We are generally not fan of discussing EM as a single group as countries’ profiles and reaction functions are increasingly different from a country to another. But for the sake of simplification in this monthly chart we would assume so. So which EM asset…
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Notz Stucki Investment Meeting – Charles Gave
Notz Stucki Investment Meeting - Charles Gave The question the meeting considered was how do you manage money in an inflationary period. It is not certain that inflation is returning but investors need to be ready if it does. The question is all the more pertinent because after 30 plus…
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Chart of the Month – US Budget Deficit
US Budget Deficit The chart above shows the 2018 U.S. Budget Deficit reflected as a percentage of GDP. U.S. Budget has been negative for several years; compared to history this level is not so surprising but the economic context today is quite different. We are now in the ninth consecutive…
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