January 2024
Jan 30
Capitalism is an economic system based on private ownership of the means of production & operation for profit. Classical economics recognizes capitalism as the most effective means by which an economy can thrive.
An amazing view of Dubai.
The UAE is becoming one of our favorite places as many of our clients come or live there. Learning a lot about the UAE that we didn't know before - a fascinating place.
Have you considered the idea that hydrogen might power an exceptionally fast and enduring journey? Prepare for a revolutionary vehicle that covers 1,000 miles with just a single tank.
India is set to overtake Japan as the fourth largest economy in nominal GDP US$bn terms by 2026.
The importance of taking profits and not marrying a position in any of the #markets. They say to expect volatility in the coming weeks.
Very true from our experience - Happy Weekend everyone.
Wishing all a Happy Three Kings Celebration.
Jan 3
January historically is a strong month for #Gold. Gold looks poised to go much higher in 2024.
Happy New Year to all!
Posts
Jan 31
Switzerland is number one for economic stability, and safety and has the lowest corruption according to statistics and international business leaders.
This is very beneficial for the Swiss Franc when compared with other global currencies - is the Swiss Franc a good safety hedge?
Jan 29
From 29 April 2024, the Financial Conduct Authority (FCA) is introducing new regulations that will impact post-trade transparency.
link to the article
South Africa is running out of accountants. According to the South African Institute of Chartered Accountants, there has been a drop in the number of candidates writing Test of Competence (ITC). The number dropped from 3,887 in 2021 to 2,946 by 2022 – a 24% decline.
Jan 23
China is transcending into a new economic model that will generate growth with higher quality, less dependency on the outside world, and more reliance on domestic consumption.
In 2024 CBs around the world are poised to cut interest rates. Among the major developed markets, the FR is expected to lead the rate-cutting trend. Consequently, the dollar will likely continue to fall moderately as the yield differences between the U.S. and other countries shrink.
There are no more euros in the Russian National Insurance Fund: only yuan, gold, and rubles, the Ministry of Finance reported. The dollar was abandoned in 2021. The total volume of the National Provident Fund at the end of 2023 amounted to 11.965 trillion rubles. IlRusso reports.
Relative to a traditional portfolio composed of 60% large-cap stocks and 40% bonds, a portfolio that includes some allocation to contemporary art has historically shown the ability to drive higher returns - improving the risk-adjusted appreciation rate at a given target return.
This rings true
Norway's largest pension fund blacklists a dozen Gulf companies, including Saudi Aramco.
With $34 trillion in US debt, and 7.6T rolling over in the next 12 months, there is no way the US can afford 5% yields. Not looking good for the US.
