Thoughts on financial markets by a grumpy, middle-aged German. What more do you want? Click to read Klement on Investing, by Joachim Klement, a Substack publication with tens of thousands of subscribers.
In the first half of 2016, the UK economy experienced a major shock. And no, I am not talking about the Brexit referendum in June of that year, which started a long-lasting period of high uncertainty ...
My latest opinion piece for Reuters is out today. In it, I focus on the rising costs of building 1GW of data centre capacity and compare it to the expected annual revenue from 1GW of compute. and let ...
Today is my last post before my usual extended summer break. I will be back in late August. But before I go, let me get under the skin of my American readers somewhat (and know that I love you all, pa...
It’s Fed Day again, and the Fed has to deal with inflation rates that remain stubbornly above its 2% target. Personally, I think that in the world we live in, a natural inflation rate for the US and m...
I keep telling everyone that you should keep your politics out of your investment portfolio. The market doesn’t care about your politics. That is why I am against ESG investors that exclude certain in...
Another opinion piece from me at Reuters ROI. This time, I follow the money, to borrow the expression and show, why I think stock markets are increasingly driven by fast money flows and what that mean...
My wife’s niece (my niece-in-law?) graduated from college in the US this year. She is part of the first cohort that had AI available during their entire time at university. And she is graduating into ...
It is well-established that owning pets, on average, makes people happier. That is not just common sense but has also been shown time and again by academic studies. What is harder to establish, though...
For decades, Meta, Alphabet and others have mined customer data to sell ads and other products to business customers. But little did I know that asset management firms can increase investor flows by m...
Thanks to rising inflation, central banks on both sides of the Atlantic are pondering whether they have to hike interest rates. But higher interest rates have knock-on effects throughout credit market...
The news flow (or rather, deluge) is relentless, and nobody can stay ahead of all the news published on markets and companies anymore. Hence, we all have to be selective about what we pay attention to...
I sometimes hear people lament that young people are reluctant to have children because they don’t want them to deal with a world that gets destroyed by climate change. But is this really a trend? The...
Apparently, most people vastly underestimate how often things around them go wrong. For every three species that go extinct, the public knows of one, for every five weapons undetected at airport secur...
I used to collect wine (back when I still drank alcohol), and as part of that, I sometimes went to fine wine auctions. And from time to time, you come across a lot where someone tries to auction off 1...
While many people fear that AI will eliminate millions of white-collar jobs, many have argued that Jevons’ Paradox indicates that the opposite may happen. The proliferation of AI may increase employme...
A bit more geopolitics from me at Reuters. This time, I focus on the rearmament of Europe and the US after stockpiles have been depleted by recent wars in Iran and Ukraine. In my view, there are troub...
To pre-empt the inevitable comment about headlines that are questions, the answer to this one is an unequivocal ‘kind of’. The pandemic seems to have had a lasting effect on stock market participation...