Dieter Wermuth, Economist and Partner at Wermuth Asset Management After 14 years of expansionary policies, central banks have recently changed course. They react to the

Dieter Wermuth, Economist and Partner at Wermuth Asset Management Contrary to all forecasts, Germany’s car fleet – just as car fleets in the rest of

Dieter Wermuth, Economist and Partner at Wermuth Asset Management Economists used to say that if the US sneezed the rest of the world would catch

Dieter Wermuth, Economist and Partner at Wermuth Asset Management There is a discussion these days about the likely cost of reconstructing Ukraine’s infrastructure and housing

 The energy transition, called Energiewende in German, had lately lost some momentum. Since the formation of a new federal government in Berlin late last year

Dieter Wermuth, Economist and Partner at Wermuth Asset Management For a long time, Russia has been selling more to the rest of the world than

What goes up must come down. Fossil fuel prices have increased so much they have lost touch with fundamentals and are therefore bound to fall

Global recession and strong stock markets – it’s not sustainable In mid-October, the main stock markets are up around 35% from their corona crisis lows

Asset allocation at a time of zero bond yields To stick to the standard formula of conservative investing these days – 60% stocks / 40%

Stock markets ignore Corona – so far It is hard to believe that global stock markets have largely shrugged off the prospect that the world economy

Stock market correction will continue The coronavirus shock forces investors to change assumptions about market trends. It is not clear how long the epidemic will

Dividends beat bond yields – by a wide margin By now, the stock market boom is ten and a half years old and thus one