Switzer: Greece & The Fed rates
Marcel von Pfyffer explains why a "Grexit" is innevitable
Geld Zug: CAPTAIN AMERICA AND THE WINTER GDP
Winter has come. A bitter winter can bring with it devastating effects and not just for Al Gore. Winter will kill crops, defeat armies and in some countries where snow falls, it will hide the green grass under a blanket of white for an entire season. Only when the season changes and the snow melts away will the grass appear greener than ever to those who look upon it. Winter in the US this year (2015) has affected US first quarter GDP numbers in a very similar fashion as to what they did to first quarter GDP numbers last [...]
Switzer: Average Economic Outlook 2H 2015
Marcel von Pfyffer from Arminius Capital explains his average outlook for the economy.
Switzer: Horror Day in the Markets
Managing Director of Arminius Capital, Marcel von Pfyffer, talks to Peter about the horror day on the markets.
Geld Zug: UNDERWEIGHTING THE POOR WHITE TRASH
UNDERWEIGHTING THE POOR WHITE TRASH The death of Lee Kuan Yew brought to mind his warning in 1980 that Australians were in danger of becoming the “poor white trash of Asia”. As things turned out, we didn’t: in terms of the World Bank’s inflation adjusted data, Australia’s GDP per head rose from USD 10,187 in 1980 to USD 67,458 in 2013, a six-fold increase. That’s pretty good compared to the US, which only managed a four-fold increase in the same period, to USD 53,042 in 2013. But let’s not get too cocky – over this period, Singapore’s GDP rose eleven-fold [...]
Geld Zug: INVESTMENT ARITHMETIC FOR 2015: 2 + 2 = 4
INVESTMENT ARITHMETIC FOR 2015: 2 + 2 = 4 In 2014 my Australian Equities mandate returned 15.1%, but the S&P/ASX200 Index managed only 5.6%. Share prices in the mining sector dropped as iron ore and coal prices fell to levels not seen since 2009. Repeated downgrades to Chinese GDP growth forecasts added to the negative sentiment. In the second half of the year oil prices halved, causing share prices in the energy sector to join the miners in their slide. Things were worse in Australia than overseas: the US S&P 500 index returned 13.6% in CY14, and although European share [...]