The elephant in the room: The US debt burden
As part of our «Investment Summit» roadshow at the beginning of 2025, we pointed out a risk for capital markets that both the stock market and politicians were not yet paying the necessary attention to at the time: the escalating debt of the USA. Today, the topic has...
Bond markets as a corrective force?
Donald Trump is keeping capital markets around the world on their toes. Since his inauguration on January 20, 2025, the Nasdaq temporarily lost over 23 percentage points, the US dollar has slumped from EUR 0.96 to EUR 0.86, the WTI oil price has fallen from over USD...
Capital Allocation, Goodwill and Management Quality
The value event investment philosophy developed by Dr Uwe Rathausky and Henrik Muhle combines two successful investment styles. For the two ‘Fund Managers of the Year 2024’, value investing means avoiding fundamental risks by buying companies with very high business...
The wave of bankruptcies has started
Global equity markets have shown impressive strength over the past months, with surprisingly low volatility. One of the longest trading periods without a 5 percent daily drawdown ended on 5th of August 2024. When the stock market opened, the Nasdaq lost 900 points or...
