Not only did the Bank of Japan keep interest rates extremely low by buying massive amounts of Japanese government #debt, it also artificially pushed down #volatility.
Volatility has more than doubled since Japanese bonds started losing money.
Why invest in bonds?
In 2024, global family offices allocated to gold and precious metals a 'WHOPPING'
2%!,
according to the UBS Global Family Office Report 2025
Not a single mention of Bitcoin in the whole report.
But 'hey', let's invest over a fifth of our portfolio in private equity.
The Taiwan dollar surged the most in 40 years against the USD on Friday,
Hong Kong must intervene heavily to defend its 'US-dollar peg.'
FX volatility has spiked to the highest level in over 2 years.
More countries and policymakers question the dollar's hegemony.
Is this the 'Mar-a-Lago playbook?'
Japanese equities have given you a total return of less than 10% over the past 54 years when measured in #gold.
No, not per year, in total! That's less than 0.2% per year.
Only in the United States!
P(reventing)
E(llected)
L(eaders) from
O(wning)
S(ecurities) and
I(nvestments)
Act
Please take note of the changing characteristics of what is still considered the safest asset on the planet by an overwhelming majority of the global investor universe!
The safe haven is dead!
Long live the safe haven!
A rapidly intensifying global trade war, where more countries retaliate against Trump tariffs when #inflation is still around 3% (headline 2.8%, core 3.1%), is not really that comforting.
ABP is echt de weg kwijt, zo klinkt het na weer een dubieuze beslissing om (structureel) Waarom krijgt ABP zoveel ruimte krijgt om zo ver van haar primaire taak af te wijken?
Dit terwijl meer dan 3 MILJOEN mensen VERPLICHT moeten deelnemen!
Politicians and ‘crypto.’ A horrible match. Why would a politician who has been praised by many and seemed to get Argentina out of the doldrums, or at least realized some decent improvement, get involved? I mean, what is the upside?
🇦🇷
‘No,’ private equity is not less risky than listed equities.
- ‘No,’ private equity does not give you superior diversification benefits.
- The more money chasing private equity, the lower your return.
-’ Yes,’ liquidity will haunt you when sentiment turns as you literally have nowhere to go.
Oh boy, I missed this one.
An ETF has been filed to invest in ‘reverse-engineered alien technology.’
Because as you know, hundreds of companies worldwide have this as their core business.
But hey, these are equity investments, so no questions asked 🥳
Bitcoin's three favorite words today:
Sovereign Wealth Fund
In early trading, the euro fell as much as 2% against the US dollar before recovering slightly.
The Eurozone can do little to counter Trump's tariffs, but in this case, letting the euro absorb some of the damage is not that bad.
It's still a sign of weakness, nevertheless.
China has literally bought its 5% growth target, issuing and swapping tons of DEBT!
China's budget deficit is expected to have hit a whopping 7.1% of GDP in 2024.
Why do you think China's 10-year yield is at 1.60%?
In a world full of debt, invest in scarce assets!
While many investors are struggling with A.I. leverage and tech margin calls, the Dow Jones Index is up firmly and closing in on its all-time high.
A periodic reminder that diversification works within equities as well!
Today, gold is hitting a new all-time high against:
- the Euro
- the Chinese Yuan
- the British Pound
- the Japanese Yen
- the Swiss Franc
- the Canadian Dollar
- the South Korean Won
- the Australian Dollar
- the Indian Rupee
Currency debasement is real!
👀⚡️
- European Parliament & EU lawmakers: focus on strict enforcement of regulating Big Tech, social media, and A.I.
- US & Trump: Let's create Stargate, a USD 500 billion joint venture between tech giants to build a massive A.I. infrastructure and create thousands of jobs.
Great 'it's all relative chart!' Even though gold staged an impressive rally last year, the bull market remains in its infancy compared to previous ones!
(ht Ronnie Stoeferle)
Dit artikel van de @NOS (nos.nl/artikel/255180…) over de Nederlandse inflatie is echt bizar. Niet alleen is het tenenkrommend dat de journalist in kwestie klakkeloos alles overtikt wat zogenaamde experts zeggen, diezelfde experts nemen de waarheid met een flink korreltje zout.
Aangezien sommige hoofdrolspelers die beweren dat inflatie vooral tussen je oren zit hierheen zijn verhuisd- hetgeen ik ten sterkste betwis - hierbij een linkje naar dat oude platform + grafiek x.com/jsblokland/s...
Fiat currencies, which are supposed to function as a 'store of value,' inherently suffer from a supply growth rate at least 5% higher than that of another store of value: gold.
All other factors aside, it's only logical that gold increases in value relative to euros, dollars, and yen.
This is one of THE charts of 2024 and beyond!
China's 10-year bond yield has imploded, declining from 2.56% at the start of 2014 to just 1.60% now.
China is no growth miracle. Debt-to-GDP has spiked again in 2024.
China desperately needs more debt and lower yields to continue growing.
It’s the same story every year: so-called ‘experts’ forecasting 5-10% equity returns for the year ahead. The probability of them being wrong is a staggering 94%.
‘The average return doesn’t exist!’
bloklandfunde.substack.com/p/the-averag...
Total debt vs. 10-year yield
Heading into 2025, a good thing to understand is that on a Macro level, the relationship between debt and interest rates is negative. Once you see how governments and their central banks work together to push interest rates down as potential GDP growth heads toward zero, it will all make sense.
Global #debt surged by nearly USD 8 trillion in Q3 2024.
That USD 323 trillion in debt compares to a global money supply of USD 105 trillion, a total market cap of gold of USD 21.6 trillion (please forget those outdated numbers of 16 or 17 trillion), and USD 2.0 trillion of Bitcoin.
