”Act Big”
Yellen moment Over a month ago, Janet Yellen was nominated as the new United States Treasury Secretary. During her speech, she told the members of Congress that the time had come for the [...]
Texas, the lone cold star
By Chelton Wealth, February 23 Texas has traditionally been the oil state of the United States and, thanks to fracking, it still is. So much shale oil and gas is extracted in Texas that the [...]
Focus on quality, not costs
If you focus on costs, quality goes down. If you focus on quality, costs go down. If you pay peanuts, you get monkeys. When investing, it is good to distinguish between passive and active [...]
When the new bubbles burst
Not all bubbles are equal. In the last 30 years, there have been three major bubbles, which are best known for the dramatic price changes that followed. That is the bubble everyone fears. They [...]
Bond bubble good for equities
There is much talk of a bubble in equities. Not so surprising after such a large price increase in such a short time. However, the biggest bubble is in the bond market and the share market will [...]
Tesla’s powerful Bitcoin endorsement
Last Monday, Tesla’s annual report was released, and it stated that Tesla has bought USD 1.5 billion in bitcoin and that the company wants to expand this position. That seems a strange step [...]
Super Mario is back
Mario Draghi was President of the ECB from November 2011 to November 2019 and became world-famous for his speech in London in which he compared the euro to a bumblebee. A bumblebee is not [...]
An ode to short-sellers
“He who sells what isn’t his’n, must buy it back or go to pris’n.” A short seller avant la lettre The above quote is from Daniel Drew, a businessman active in [...]
Important week ahead
An important week of figures has begun. In the macro area, the focus in the second half of the week will be on the American jobs figures. Jerome Powell recently indicated that employment in the [...]