Politics

The Biotech anomaly

In the low-growth environment we are currently living in, one should expect that fast-growing sectors command a premium. However, what we have recently observed is a rush to low-growth, high-dividend stocks (so-called “bond proxies”) in a capitulation by investors crowded out of the bond market by central banks. These yield-starved investors have reluctantly bought the … Continued

It is now official: we are experiencing a regime change!

The fact that the people in the UK and the US, two countries that have been at the forefront of liberalism – intellectually and politically speaking – have now spoken out so loudly against the status quo, is an indication of how exhausted the current regime is. It is also not coincidental that the pioneers … Continued