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All roads lead to a disintegration of the Euro
Our investment thesis can be summarized as follows: Equities are worthless when associated debt becomes […]
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Rational decisions in closed systems
In closed systems, rational decisions lead to irrational outcomes. Take a crowded stadium. A fight […]
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David versus Goliath – the SNB against everybody else
A picture says more than a hundred words, so I wanted to present in graphical […]
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Mental contortions of a printing machine operator
“We never pre-commit” is the standard answer the ECB (European Central Bank) has for anyone […]
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Technical analysis February 8, 2012
Time to take a look again at the technical picture of the S&P 500 Index, […]
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“Nobody understands debt (but me)”
Luckily they are easy to spot: the demagogues, the manipulators and the hired claqueurs. Unfortunately, […]
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Inside Job at the SNB?
The official version: “Enormously dedicated” SNB chairman Philipp Hildebrand purchases 500,000 USD days before he […]
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Sales of gold and silver coins soaring at the US Mint?
An article by Bloomberg “Gold Traders Most Bullish After Bear Market Averted” grabbed my attention; not […]
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The 2-product, 2-customer wonder called Australia
Australia is the sixth-largest country (2.9m square miles) on earth, just a tad smaller than the […]
Author: Alexander Gloy
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