
Market Commentary: Stocks beat bonds – but not all the time
Mainz, October 7, 2026 │ Dieter Wermuth Recently, someone has claimed that, given the choice, buyers of German securities can’t go wrong if they always

Mainz, October 7, 2026 │ Dieter Wermuth Recently, someone has claimed that, given the choice, buyers of German securities can’t go wrong if they always

Mainz, September 21, 2026 │ Dieter Wermuth During the one-and-a-half decades leading up to 2002, the price of Brent crude oil had fluctuated closely around

Going by the OECD’s recent forecasts, the world’s real GDP continues to expand briskly at a rate of around 3%. This is also the consensus

I can only speculate on the reasons. But the signals from Washington are clear: by supporting far right parties in Western Europe, which, to the

Whenever Anglophone media talk about how great the economic power of individual countries and regions is today, they almost always explicitly state that the United

How dangerous is France’s negative fiscal balance for the euro? According to the latest forecast from the EU Commission, the deficit in 2025 will amount

In the recent customs negotiations between the EU Commission and Donald Trump, it was obvious that the Europeans were at a disadvantage. They had to accept

Since June 2024 the European Central Bank has cut policy rates eight times, from 4% (for the deposit rate) to 2% now, but for the

Since April 2, when Donald Trump launched his trade war against the rest of the world, the price of the euro has increased from $1.08

The American president is obviously worried that his country is de-industrializing, and that the process needs to be stopped – by pulling up the drawbridges in the

The U.S. administration has just raised customs duties on imports from the EU by a hefty 20 percentage points – and by 25 points on

Irritatingly for some, the European Union has no ambition to become a world power. There is no imperialistic narrative which distinguishes it from the U.S.,
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