I still suspect, like the market does, that a last-minute agreement will be reached between the new Greek government and the Eurogroup. However, every passing minute also means that a potential failure may very well lead to a definitive Grexit. If anything goes wrong, it will be too late to smooth out the differences. The Greek government will run out of liquid funds in about a week. ... »
How Do You Protect Your Wealth Against a Greek Doomsday Scenario?
February 23 2015
Olav Dirkmaat
The Last Time Corporate Earnings Declined, This Happened
February 9 2015
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.... »
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... »
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 total of €1,140 billion (around 8.8% of Eurozone GDP). After this announcement, the euro... »
Olav Dirkmaat
