15 September 2020 Twice a year we summarise the half-year and full-year results of the companies in the ALCE portfolio. Although the COVID-19 pandemic has affected some of the results for the June 2020 half year, the companies in the portfolio remain strong. Several – e.g. APA, Amcor, BWP, Spark NZ, Steadfast, and Waypoint – have not been materially affected [...]
By Arminius|2020-09-17T15:21:28+00:00September 17th, 2020|Categories: 2020, Geld Zug|Comments Off on Geldzug: AUSTRALIAN MARKETS – THE AUGUST 2020 REPORTING SEASON
22 July 2020 The economic consequences of the COVID-19 pandemic in the US are expected to trigger a fall in the US dollar against major global currencies over the next four years. By 2024 the Australian dollar could rise as high as $0.84 (US 84 cents) The fall in the US dollar (USD) will be probably be associated with rising [...]
By Arminius|2020-07-23T14:26:15+00:00July 23rd, 2020|Categories: 2020, Geld Zug|Comments Off on Geldzug: WILL THE US DOLLAR BECOME ANOTHER CASUALTY OF COVID-19?
18 June 2020 Bank profits have been falling since 2015, but the latest half-year was particularly dismal. Loan growth was weak even before COVID-19 arrived on the scene, and the banks were already paying hefty remediation charges for their crimes against their clients. Are the COVID-19 loan impairment charges going to be the straw that breaks the camel’s back... [read [...]
By Arminius|2020-06-19T13:25:01+00:00June 19th, 2020|Categories: 2020, Geld Zug|Comments Off on Geldzug: WILL COVID-19 CRIPPLE THE 4 BANKS?
9 June 2020 The Chinese economy has stalled. The manufacturing PMI for May was an anaemic 50.6, a touch worse than April’s 50.8. The PMI is a dispersion index, which means that figures above 50.0 indicate expansion, and figures below 50.0 indicate contraction. So manufacturing growth is only just in positive territory. Trivium’s National Business Indicator tells the same story. In [...]
By Arminius|2020-06-08T13:50:28+00:00June 8th, 2020|Categories: 2020, Geld Zug|Comments Off on Geldzug: HOTWIRING THE CHINESE ECONOMY
5 May 2020 Warren Buffett provided a couple of surprises at Saturday’s annual meeting of Berkshire Hathaway. First, he admitted that he had made a mistake in owning airline shares, because the industry was unlikely to bounce back quickly, so he sold out of all four big US airlines in April... [read more]
By Arminius|2020-05-04T16:47:11+00:00May 4th, 2020|Categories: 2020, Geld Zug|Comments Off on Geldzug: WARREN BUFFETT IS NOT BUYING RIGHT NOW
1 May 2020 China is recovering, not only from COVID-19, but also from the GDP collapse caused by its lockdown. We know this because the central government has begun to relax several key restrictions on travel and spending. First, China’s children are being allowed to go back to school. All provinces are phasing in the resumption of regular classes over [...]
By Arminius|2020-05-01T20:26:08+00:00May 1st, 2020|Categories: 2020, Geld Zug|Comments Off on Geldzug: CHINA IS RECOVERING