Thoughts on market events

Modern asset management involves a whole host of measures with the goal of real preservation of capital over the investment horizon. The framework conditions established with the asset owner - such as liquidity requirements, tolerance of fluctuations, the quality of individual components and diversification over different investment classes - are a significant influence in this regard.

A clear analysis and evaluation of the framework conditions is essential to both the fundamental strategic orientation and tactical investment decisions. BPM's flexible "buy and hold" strategy is based on ongoing analysis of the international capital markets and the most likely activity of the key actors in the economic system: private households, companies, banks and national governments as well as their debt levels.

We make our view of the current situation, our prognosis of probable developments and their impact on different investment classes available to our investors through regular publications.


The stock markets are about to undergo shock treatment

All stock market crashes in history have been based on excessive and unproductive borrowing and lending. The writing on the wall still points towards turbulence. Stock market crashes are debt crashes!

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The impending boom

Inflation rates are worryingly low globally. Which is why the international federal banks will print even more money. This could create a "crack up boom" in two to five years' time.

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Investors in Kurrekurredutt Isle

Stock markets are clearly overvalued. In the past, this has frequently led to crashes. But investors simply cannot prevent themselves from making the four big mistakes.

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Shares and bonds generally too expensive – gold and cash are king

If the financial markets are going crazy, they usually say: „Everything is different this time“. But a real paradigm shift is currently taking place on the stock exchanges: Cash and gold have become attractive as value storage…

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Market Comment July 2014

People who invest in traditional time deposits or money market funds are punished by the so-called "market" by having the real value of their investments destroyed. Even the alternative playing field where debt issuers with weak or weaker credit ratings are to be found has become highly contaminated in the meantime...

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