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Reinhard Panse's Perspectives

Panse's Perspectives

Between interest rate cushions and market expectations

30.12.2024

Reinhard Panse

As the year draws to a close, the capital markets are caught between moderate economic adjustments, persistently high interest rates and geopolitical uncertainties.

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Between interest rate cushions and market expectations

Panse's Perspectives

Who is afraid of the spectre of inflation? Nobody!

The inflation rate is rising - and will probably continue to do so over the next ten years. Traditionally, this would have a negative impact on the stock markets. However, thanks to the high level of government debt, this correlation no longer exists.

Panse's Perspectives

A small pinch of crisis

Government spending in many countries has jumped to a new high. While this is understandable, for example to get the economy back on track, it also increases inflation.

Panse's Perspectives

A dog in the bubble

Cryptocurrencies are the biggest bubble of all time that will burst one day. Anyone who has invested their money there should exchange it for shares - or at least buy a fast car with it.

Panse's Perspectives

When the risk is not a risk

Shares are considered lucrative but risky. This is why they play no role in funded pension provision. Wrongly so, because the risk is low in the long term. A fundamental reform is overdue.

Panse's Perspectives

Germany - or North Korea?

It is always difficult to make a precise statement about the future - and there have already been enough financial analysts who were way off the mark.

Panse's Perspectives

Drink, drink and drink

Low interest rates will continue to drive the stock markets upwards. But beware: US equities are in for a tough time.

Panse's Perspectives

Scotland Forever

For 300 years, governments have been using the same tricks to finance their debts and investors have fallen for them time and time again. For the attentive market observer, however, this presents opportunities.

Panse's Perspectives

Just stay relaxed

Corona is not only weakening the economy, it is also shaking up the stock markets. This is because many investors believe that the economy and share performance are closely linked. But that is wrong.

Panse's Perspectives

The biggest bubble of all time

According to Reinhard Panse, the well-known stock market bubbles of the past decades are a joke compared to the current situation on the government bond market in the European Monetary Union.

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