Many people believe that the U.S. economy is recovering. But what if the opposite is true? What if the U.S. economy will be hit by a new recession sooner rather than later? A recession will have major, negative consequences for your financial wealth. This week, I have three graphs in store for you. Just to give you an idea: we are talking about an outright (financial) hurricane warning.... »
The Last Time Corporate Earnings Declined, This Happened
February 9 2015
Olav Dirkmaat
What Will Happen Next in the Worldwide Currency War?
February 2 2015
Last week, the European Central Bank announced its version of quantitative easing. Even Russia decided to lower interest rates last Friday. This was yet another attempt by a central bank to devaluate its currency more than other central banks. The Russian central bank was the fourteenth central bank to undertake an (even) more expansive monetary policy. Currency devaluation is the policy choice of... »
Olav Dirkmaat
Three Secrets about Draghi's 1,140 Billion Bazooka
January 26 2015
Last Thursday, Draghi — with his distinctive Italian accent — announced that the ECB will undertake its largest stimulus program ever. From March onwards, the ECB will purchase €60 billion worth of government bonds each month. The program will run for nineteen months and will amount to a... »
Olav Dirkmaat
Three Events That Will Set the Tone for 2015
January 19 2015
January could very well turn into a highly memorable month. Later this month, the ECB and the Federal Reserve will indicate their intended policies for 2015 on January 22nd, and January 27th/28th respectively. The Greek elections are just around the corner and many companies will publish their financial statements while analysts expect the decline in corporate profits in a long time. ... »
Olav Dirkmaat
