Blog Archives

The preposterous deflation scare Part II – Why are low inflation rates supposedly so dangerous?

The concept that very low rates of inflation are dangerous is closely related to the belief that there is some sort of an “optimum rate of inflation” for the economy, at which economic growth can progress at its smoothest. This

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Posted in Economics

Real commodity price trends – part 1: Gold

Contrary to popular belief, gold was not a good store of value in the last century. Adjusted for inflation, the gold price behaved very cyclical. Since the 1920ies  it showed a reverse pattern of economic sentiment. During periods of improving

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Posted in Long-Term Charts, Long-Term Trends
“With a Steady Hand”
Welcome to the weblog of Karl-Heinz Thielmann, fund manager, financial analyst, economist and dedicated long-term investor.

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