A new era of financial repression
Many central banks have begun lowering policy interest rates. The aim is to counteract economic slowdowns or even a potential recession. When both short- and long-term interest rates are consistently below the nominal growth rate of the economy, the situation is referred to as reflation.
Chart of the week: bitcoin in Wonderland?
Since the news broke that Donald Trump will once again become President of the United States, bitcoin has been impossible to ignore. Not only because of its record-high prices but also because bitcoin’s acceptance as an investment class and alternative form of “value” appears to be accelerating.
Le Bitcoin au pays des merveilles ?
Depuis l’annonce du retour de Donald Trump à la présidence des États-Unis, le Bitcoin est partout sur nos écrans. Cette omniprésence s’explique évidemment par les records de prix de la cryptomonnaie, mais surtout par l’apparente accélération de son adoption en tant que catégorie d’investissement et forme de « valeur » alternative.
Longeval‘s view: “The advantage of private equity lies in overcoming risk aversion”
The outperformance of private equity should be nuanced, says investment expert Jan Longeval. «But it offers an important advantage that is rarely highlighted.»
The war against bitcoin is over
The victory of Trump is good news for cryptocurrency. During the election, crypto was a key topic, revolving around SEC Chairman Gary Gensler.
Chart of the week: Why are stocks so expensive?
I often read that stocks are incredibly expensive and that a significant correction is «imminent.» But I actually think it’s not as dramatic as it seems. It all depends on the valuation lens you use.
Les actions sont-elles vraiment onéreuses ?
Je lis souvent que les actions sont extrêmement onéreuses et qu’une correction sévère serait donc « imminente ». En réalité, je pense que c’est assez relatif : tout dépend de l’angle d’évaluation que l’on choisit.
Time to take a page from Ireland’s playbook
Luxembourg should take a page from Ireland’s playbook and deepen its relationship with the United States. The European Union is gradually eroding the regulatory flexibility and pragmatism that once enabled Luxembourg to attract international investors and dominate the fund industry.
Trump et sa guerre commerciale : quelles conséquences ?
Si l’on en croit Donald Trump, augmenter les droits de douane ne présente que des avantages. Cela ramènerait du travail aux États-Unis, réduirait le chômage et le déficit commercial et renforcerait la prospérité du pays et de ses habitants. Dans ce qui suit, nous allons nous pencher sur chacune de ses positions et voir ce qu’il en reste en fin de compte.
A recession after the elections
Growing signals suggest the Republicans could clinch a victory in today’s elections, a scenario generally regarded as optimal for investors. A Republican Sweep would mean lower taxes, deregulation, and increased government spending. However, the gap between the Republicans and Democrats remains too narrow to confidently predict a winner, raising the likelihood of a contentious, potentially escalating dispute over the results.