Policy Makers may have become the biggest Systemic Risk for Human Kind. They’ve made our world extremely vulnerable to simultaneous external shocks: the overlap of multiple geopolitical trends during 2017-2024.
Last week we recommended our clients to undertake a tactical Asset Allocation shift for the next 7 weeks (from 10 Aug to 30 Sep 2017) by reducing exposure to equities and other risk assets, and increasing exposure to Cash, Volatility (VIX) and Gold. The Currency market will be less predictable than in prior years, but the Swiss Franc and USD may get excess demand during that period. The USD will benefit from the flight to US Treasuries while the Swiss Franc should benefit still from its old safe heaven status. One it has diminished by Bern’s smart slow-motion entry into the EU through the back door. The bilateral agreements are an ever bigger straight-jacket on the once independent Swiss state.
Central banks, policy makers and governments have orchestrated an artificial massive recovery in asset prices since 2009, producing massive asset inflation. They punished conservative investors, drove down volatilities and interfered with aggregate demand/supply. But they may have overdone it. Over the past 12 months they are talking about “Tightening”, but in reality they have pumped another USD 1.8 Trillion in liquidity. An era of deception? Let us not point fingers; many institutional and private investors close their eyes. There is no more “balance & checks”: the interests of policy makers, banks, investors and media have become extremely aligned with one another. Observers say “as long as there is no Inflation, no problem”. That is naive and deceitful. Asset Inflation is rampant, and Consumer Inflation is NOT the only thing that drives interest rates or that matters in a complex global economy. Specially when it is measured & tweaked by policy makers too (i.e. not an independent agency – interest collusion). There is plenty of inflation out there in the system and other type of events could send food-energy prices and interest rates soaring. Fact is, a massive asset inflation and credit bubble has been built. Just look at China shadow credit, real estate or US/European subprime car loans. Can human kind forget the lessons of 2008 so quickly, yes. Fear and greed are pulling this time in the same direction. Nevertheless, as a former Fund Manager I always warn investors not to underestimate the resolve of policy makers.
Sadly, in our human arrogance, the more control we can exercise over asset prices, yields and volatilities the further we take it. Policy makers have created the largest excess liquidity bubble and credit bubble ever just at a time when we are also experiencing the largest Arms Race ever. And to every crisis they throw yet more liquidity or invent a new unorthodox tool to control demand & supply in ever more markets. Governments from the EU to China are controlling their economies and surveilling their citizens like seldom before – thanks to rampant imported terrorism they can get away with that. It is the era of convergence: For the first time since WW2 there is not a great difference in the amount of factual Free Speech in Europe or totalitarian regimes like China or Iran. The means are different, but they world is converging on multiple levels.
But in their excessive focus on economic and financial data, policy makers have overlooked the tremendous overlap of diverse major global geopolitical trends during 2017-2024. Our analysis shows several periods of high friction at meta levels, or local maxima. Thus, I feel 2017-2024 could be a great time for investors with strategic foresight and tactical trading capabilities.
The first high friction phase can be expected from 10 August to 30 September 2017. I am talking about the overlap of developments in the geopolitical, military, religious, astronomic and natural realms just at a time when our global monetary system is highly vulnerable. Some of those events have been awaited for decades by Oriental religious and political leaders. Policy makers won’t be able to control the kind of events that will visit and revisit our planet over the next 7 years. And frankly speaking they will welcome them, because the only way for governments like the EU to concentrate more power is via CRISES. Multiple or cascading crises will overwhelm individual nations, allowing Brussels to act as saviour in exchange for the transfer of sovereign powers to a central federal state. While many predicted the end of the EU in 2015-2016 I have vehemently warned about the rise of Super States, of which a European Federation is likely to be the first one. That means the EU is only the platform for what is coming, a much more powerful European Super State with draconian powers. Big businesses, the UN and established parties want it. As I have said before: Democracy and Capitalism are fading away – and that is a non-emotional analysis. Independent observers fret that the political process has been hijacked by established parties, giant oligopolies drive legislation and the so-called press has been taken over by political interests. My job is to analyse, look ahead and help my clients to be ready for impending change that consensus is missing. Emotions aside: ever bigger oligopolies have destroyed atomistic competition, the very essence of market capitalism. The regenerating power of the economy has been replaced by the oligopolistic cartels policy makers have nurtured. A major Currency Reform (a nicer word for debt default, just like QE for legalised printing of money) and a Wealth Transfer is coming.
No wonder, consensus is overlooking the risks and changes ahead, because consensus, media, policy expectations and market portfolios have become increasingly auto-correlated. On example: Because policy makers have a tight reign over asset markets, investors have grown immune or careless about growing geopolitical and political risks. After all implied volatilities tell them the world is just fine.
Given the extraordinary risk-adjusted gains in equities over the past 9 years and specially the past 9 months, I advise my readers to pause & reflect upon their investment strategies, risk tolerance and investment goals. Also about their lives as a whole, because more likely than nuclear wars and unprecedented natural events is that Big Changes lies ahead. Last but not least, no reader should take any action without consulting a professional investment adviser first. You have to get second opinions and remember that one and the same advice leads to very different actions (or none) depending on a person’s investment and risk profile. And if you are married, consult with your spouse before making any decisions 🙂 moving ahead only if you both have peace.
Christian Takushi MA UZH
Macro Economist & Geopolitical Strategist,
Switzerland – 7 August 2017
Cash Magazine Interview with Christian Takushi June 15, 2017 – Translation into English is available. Title: “Europe to become a Super State”
Cash: The economist and financial expert Christian Takushi correctly predicted BREXIT and TRUMP’s victory. He says the Middle East faces a major war. He also draws a scenario for the future of Europe in a Cash-Interview
English Translation:
Christian Takushi MA UZH, Macro Economist & Strategist, 2 June 2017, Zurich-Geneva, Switzerland. Text adapted for the public on 4 June 2017.
General Disclaimer: Global Macro and Geopolitical Analysis are highly complex and subject to sudden changes. No analytical method is without certain disadvantages. We may change our 3-pronged outlook within less than 3-6 hours following an event or data release. Global geopolitical macro analysis can be extremely time-sensitive and the first 24 hours after an event are critical for the response of a government, corporation, pension or portfolio. Only qualified investors and seasoned decision makers should make use of our geopolitical macro reports and treat them as an additional independent perspective. Every investor should weigh different perspectives as well as “opportunities & risks” before making any investment decision. Not all our reports, research and intelligence is published here. What we release here is delayed and adapted. The research & views we post here for public access are aimed at fostering research exchange (to improve our assessment) and helping decision makers adapt their long term & strategic planning to changing realities, not for short term decisions. If you are not a qualified or professional investor, you should get professional advice before taking any investment decisions.
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As some of you may be aware, we have been forewarning of Martial Law to be imposed in many nations, also in the West, in the future. The unprecedented confluence of political, economic, military, religious and geophysical crises & threats is likely to overwhelm many nation states. Many Western democracies are particularly vulnerable. I reiterate my analysis from 2015 that Martial law, postponement of Elections and a Currency Crisis/Reform cannot be ruled out.
After decades of fostering a system in which (1) the law is no longer enforced for certain groups of people, (2) hypersensitivity & “entitlement thinking” have shaped culture, (3) the middle class has been weakened, and (4) activist movements have seized media & news channels to shape public opinion, Civil Unrest might only be waiting to be ignited.
by Christian Takushi MA UZH, Macro Economist & Strategist, Switzerland, 16 Jul 2016
Source: Agefi Newspaper, Geneva – 24 Nov 2016, Page 1 & 13, Markets & Products
CFA Society Switzerland on 30 May 2016, Zurich. Venue: Thomson Reuters
Source: Twitter on 7 November 2016
Read our Report from 2 March 2016:
A social-religious divide: The day when US Suburbs joined Rural America to defeat the Big Cities. The suburbs and the Rustbelt were the hidden swing states. The results at County Level speak volumes. It is a revolt against Political Correctness, Washington, and the values of Big Cities (LA, SF, NY and Chicago), but also the return of Religion as a factor. All of them tabus to the media. This illustration by the University of Michigan best describes the growing US social-religious divide. BREXIT and TRUMP are a sequential double-shock – We may have to go back to the double shock of the Doolittle Raid on Tokyo and the shocking Battle of Midway during WW2 to find two significant surprise events within one year.
Read more on the geopolitical-economic context of the region in our 5 Jan 2016 report.
As Germany is rocked by the worse terror attack in decades, this is a summary of strategic thoughts.
For years we have been warning that as a result of catastrophic strategic errors by European leaders over three-four decades, Europe’s Security Deterioration is inexorable. It lays bare that Europe has been led by politicians & administrators and pushed by lobbying corporate managers. None of which had the necessary strategic foresight at geopolitical-macroeconomic meta levels or even the interest therein. Europe is in a geostrategic trap of her own making.
There have been independent minds that raised questions about the downsides of an European Integration Process that lacked a clear mandate by the people. Instead Europe financed and favoured an army of think tanks, universities and so-called expert institutions that shaped the Consensus, one that its exceedingly liberal media gladly propagated. It is healthy for a society to have an open competition of liberal and conservative ideas. I personally follow liberal, conservative and independent thinker – It is enriching. But in Europe, pro-globalization liberal leaders together with big businesses have gone too far; they have practically taken over the state media, most universities, think tanks and business forums. They actively shape public opinion. Just as we saw before and after the BREXIT vote.
In my analysis, the almost complete dominance of Public Opinion by liberal & pro big business political parties is something that backfired and led many voters to accept BREXIT, i.e. reject the EU membership, despite all the risks and threats. Although well-intentioned, such a dominance of mainstream media and financial media by “liberal-globalist-big business interests” was increasingly perceived as totalitarian and intolerant of any criticism. Thus, destroying the very image of “tolerance” they have painstakingly built for themselves over 30 years. Voters saw this confirmed after BREXIT, when political leaders in London, Paris, Berlin and Brussels rushed to say (I paraphrase) “we were not wrong, our main mistake was not to communicate & spread our ideas in a stronger way”. Leading the leading media channels and state media to increase its control of the narrative in the news even more. That has only contributed to the further erosion of public trust in the Press, because they are now fighting against the stated will of the people.
And I am not here bashing liberal forces in Europe alone, many of those pro-Big Business groups are the conservative parties. Conservative Parties have let down the Middle Class and many of their constituencies. Yes, In Europe, the almost uncontrolled influx of migrants benefitted both the established Liberal and Conservative Parties: Liberal Parties welcomed their new voters, while Conservative Parties rejoiced in the bigger support & funding by Big Businesses. The latter rejoiced in the cheaper cost of labor induced by migration. Thus, while millions of migrants flooded some European states, thousands of factories and millions of jobs went overseas, established parties and bigger businesses benefitted. And we are talking here about part of the Liberal Policy Mix of the past 40 years.
Europe’s decline cannot be explained by the above alone though. The replacement of Europe’s Judeo-Christian values with Humanism & Political Correctness did the rest, making people ever more “sensitive” and unable to deal with ambiguity or criticism. The EU has de facto removed the Freedom of Speech. Mainstream Media interviews mostly those experts that support their narrative and world view. More interested in shaping or controlling Public Opinion than in informing, European media has added to the confusion and lost credibility. In all fairness also, they are afraid of offending any group of people, and of departing from the liberal script that has served them well. We saw this during BREXIT, Syria, the US Elections etc.
The lack of fresh ideas and introspection is exemplified by this: The same experts that explained viewers why BREXIT and TRUMP would never occur, were asked by Mainstream Media to give an outlook for what comes next for Europe. But I will not spare the citizens – the majority in Europe tolerate or consume this.
Well-meaning pacifists dismantled Europe’s strategic military, while enthused globalists led to the unrelenting EU’s territorial expansion and the erection of a protectionist Fortress Europe that has weakened its competitiveness, benefitted Big Businesses and impoverished its population. Only the most competitive Nordic countries benefitted as the Euro became endemically weaker than their former currencies. The EU expanded territorially aggressively into the East, encircled Russia and kind of supported a Regime Change in Ukraine. All of which emboldened Russia’s nationalists. Can the EU defend herself against Russia? No.
The EU is today by far the most vulnerable economy in the world: economically, politically, militarily and security wise. Unable to defend herself, the EU says it relies on NATO, which is to mean the USA. But NATO – as a growing number of US military leaders view it – is a highly asymmetric defence block. Trump is simply speaking out what many generals don’t dare to say anymore under the current US Administration. Fast forward to December 2016, EU leaders are boldly lecturing and defying the new incoming US administration, on which Europe’s security depends.
Despite the risks and threats, Britons had the strategic foresight that they needed to exit a sinking ship. 75 years after the Battle for England, Britain decided again to defy the Continental Forces stemmed against it. Maybe, because staying bound & entangled to a bureaucratic EU was a larger leap into the unknown than a messy divorce. Many observers say the wave of populism will sweep from the UK and USA over to Europe. But the use of the demeaning term populism shows they are disconnected from citizens’ reality, and we are skeptical that French & Germans will show that much ruthless introspection. The political landscapes in Europe will be shaken (we think the AfD could get 12-20% of the votes), but at this juncture I doubt it will be enough to set a new course for Europe. As long as these two nations support the established parties that led them into the EU, changes will be shy of radical, and the EU will remain vulnerable and in a slow-motion decline: gasping from one crisis to the other.
The result of Europe’s four decades of an ultra-liberal Policy Mix and Protectionism has been the destruction of vast segments of Europe’s Middle Class with the subsequent Political Polarisation and growing systemic risks to Political Stability. The explosion in regulation did the rest in advancing giant oligopolies. To make things worse, Europeans are misled to believe that the European Union stands for Democracy and Free Trade. The EU is not only undemocratic and unaccountable, it ushered a period of Protectionism and Managed Trade (so called Free Trade bilateral agreements). Few firms can hire the best of the best, most are restricted to hire EU nationals.
European citizens can’t simply blame their leaders, though. The untold truth is that most European citizens on the continent are too risk-averse to induce a political change – this being specially true of Germany and France. On the one hand, they have become utterly dependent on an ever growing State and State-run pensions & programs. On the other hand, Europeans like the deceptive “protection” the EU promises them. Even if this has only led to Europe’s economic decline.
To make things worse, Europe’s establishment in politics, media and academia furiously label any critics of their 4 decades-long ultra liberal course as populists, racists and isolationists. In short, any one wanting a course correction is equaled to varying degrees with “uneducated extremists“. Thus, the only mistake EU leaders and media acknowledge is that they have not informed or educated voters enough, leading them to intensify their Information Offensive, which independent observers now perceive as propaganda. They are now making people aware of Fake News, but are not pointing to their own systematic News Bias – which in my opinion is the more subtle and dangerous of the two. Our research shows that while there are extremist minorities at work in Europe, millions of normal citizens wish simply a course correction or normalisation.
Even in the aftermath of the tragic terror attacks in France, Belgium and now Germany, European leaders’ diagnosis is flawed
Sadly, even leading experts share these views. They are not wrong, but they fail to address the main causes. Neither politicians nor so-called experts dare to acknowledge the real source of the radicalisation and threats. As a result, Europe’s economic, military and security deterioration will only gather pace.
While our research points to a slow-motion deterioration of the EU and its eventual implosion, we see the rise of a European Super State or Federation in the long run. What the experts won’t tell you: The best friend of Berlin-Paris-Brussels is ongoing crisis: EU leaders need unending crises to weaken the national states and to induce them to freely hand over their sovereignties in exchange for bail-outs and protection. The migrant crisis is a good example of this strategy of Integration through the back door. This is straightforward geopolitical-macroeconomic reasoning (I reject to work with conspiracy theories).
Just like the United Nations, the European Union is not as unprofessional or incapable as many critics say. They are quite a genius indeed. The EU simply allows crises to rise and simmer, because this helps them achieve their undeclared well-meaning goal: Total Power Concentration, for the good of humanity of course. What I criticise as an independent analyst is that they don’t openly talk about it. nor would they let citizens vote over it. It of course sounds better to say: all we want is Unity and Freedom. With most people following the narrative of mainstream media and others reading only superficial Social Media “bits”, the EU and UN are making good progress towards their respective goals of Power Concentration.
After promoting millions of immigrants to move countries, removing borders, weakening the Rule of Law and allowing big firms to become gigantic Oligopolies, the EU will tell you that individual nation states can’t cope with today’s challenges. Thus, overwhelmed nation states have to come together into Super States, of which the EU is the first one. In a not too distant future, individual nation states may exist only on paper.
Christian Takushi MA UZH,Macro Economist & Strategist, 21 Dec 2016, Zurich-Geneva, Switzerland.
General Disclaimer: Global Macro and Geopolitical Analysis are highly complex and subject to sudden changes. No analytical method is without certain disadvantages. We may change our 3-pronged outlook within less than 3-6 hours following an event or data release. Global macro analysis can be extremely time-sensitive and the first 24 hours after an event are critical for the response of a government, corporation, pension or portfolio. Only qualified investors should make use of macro reports and treat them as an additional independent perspective. Every investor should weigh different perspectives as well as “opportunities & risks” before making any investment decision. Not all our reports, research and intelligence is published here. What we release here is delayed and adapted. The research & views we post here for public access are aimed at fostering research exchange (to improve our assessment) and helping decision makers adapt their long term & strategic planning to changing realities, not for short term decisions. If you are not a qualified or professional investor, you should get professional advice before taking any investment decisions.
Geopolitical Economics is a registered corporation in Switzerland. The commercial name is protected under Swiss Law. After years of developing methodologies to integrate Geopolitics and Macroeconomics, Christian Takushi developed & defined the term Geopolitical Economics, sharing it with the public in order to facilitate more research and discussions (see definition in separate still page). The term expresses the growing influence of geopolitical, political, military, religious and other external factors on the Global Economy and Financial Markets – with its feedback loops.
This broader approach to Macroeconomics and Geopolitics is free of conspiracy theories, ideology and judgement: All nations pursue their national interests with all means at their disposal, just as corporations do. It is, in a way, an economist’s empirical-oriented and ideology-free approach to political analysis. Applied at a global scale and aggregate level, the Western linear-logical way of thinking is complemented by the Oriental circular worldview to improve results. With Geopolitics encompassing the political process, demographics, religion and geography among other resources, Geopolitical Economics explains many of the trends of a world in transition
Economists, political analysts, investors and business leaders are responding positively. The one thing many of them appreciate is the pragmatism of the approach: the focus on those interactions and risks that could impact the world economy and financial markets. This, without overlooking the influence of economic trends on the political process.
We would like to thank the many professionals, scholars and experts that are contributing to advance research at this strategic juncture for the world economy and the geopolitical landscape.
Geopolitical Economics Ltd., Geopolitical Economics S.A. and Geopolitical Economics AG are protected names.
1. Global Geopolitical Macro Factors drive Gold higher than Swiss Franc (SNB introduces partial capital restrictions)
2. Return of old conflicts in East Asia, South Asia & Middle East as imploding Labor Forces lead China, Russia, Japan, Thailand, Korea .. to deflect geopolitically (Unprecedented Arms Race)
3. High likelihood for market corrections during 2015-2018 as 50% of Geopolitical & Macro Trends overlap. A Perfect Storm or Super Crisis (cascading risk events) could result as it could overlap with Crisis Period of 2017-2024 in the Middle East. War or sweeping change is likely in the Middle East during that time span.
4. US-Iran Deal gives NATO access to Iran’s Gas/Oil, but leads to 2 wars in Middle East. Israel to sign a Peace Treaty & rebuild Solomon’s Temple (The 3rd Temple)
5. Center of Christianity shifts to Asia, Africa and Latin America – China could become largest Christian nation (i.e. Christian population exceeds 300 Million)
6. China fails to overtake the USA as superpower by her own means. USA to power ahead after 2025 if it can avert natural-political-security disasters. China gravitates towards Germany
7. Debasing of paper-currencies leads to Global Currency Reforms, Nationalisations & massive Wealth transfers
8. Accelerated Phasing Out of Democracy and Market Economy on a global scale. Martial Law & State of Emergency could be enforced in Western nations
9. Large-scale preparations for extraordinary Natural Catastrophes. Geophysical events add to Asset & Value destructions across Northern hemisphere. 1/3 of all world assets are wiped out
10. Germany rises to challenge the USA. Russia and China move geostrategically closer to Germany – Arctic route & Indian Ocean become game changers
11. Converging crises and wars overwhelm individual nation states, paving the way for the rise of Super States on all continents. A European Federation (Christian-Islamic Super State) to rise from demise of EU. Super States and giant Oligopolies converge to global Monopolies.
12. Period of Global Transition and Great Uncertainty that started in 1999 ends as a new Global Equilibrium with unprecedented concentrations of powers sets in. On its quest for Peace, a war-weary humanity embraces a One World Government – which might be preceded by a Global Currency Reform, debt defaults and nationalisations.
Christian Takushi MA UZH has been warning of these events & trends since 2010 at numerous speeches.
A summary of the 24 Global Geopolitical Macro Factors we are constantly monitoring
Our GLOBAL RISK OVERLAP MODEL (GROM) is relevant for governments, multinational firms and investors. It is continually monitored and updated.
During Spring of 2015 our Global Risk Barometer reached the level of 9, it receded to 8.75 in Q4, but rose back above 9 in early 2016. In Dec 2016 the Barometer declined to 9, contrary to the uproar among consensus experts and media.
Conditions are present for a crisis, but since there are many possible triggers, timing the crisis eruption is difficult. That is why we continually monitor multiple factors.
I am closely monitoring three factors currently misjudged by Consensus that could potentially affect the economy and financial markets. The EU is most vulnerable to these factors. After the humiliation of having missed the BREXIT and US elections outcome last year, Consensus is overstating political risks emanating from the USA and Europe, but underestimating the aftermath of the US-Iran Deal and structural shifts at the macroeconomic front. The impact of Deregulation and Tax Cuts on the US and UK economies are being underestimated.
We expect the Global Risk level to remain elevated throughout the Transition Periods 2015-2018 and 2017-2024. People should ready contingency plans for their businesses and families.
Our broad geopolitical analysis is producing Economic Forecasts that reflect potentially big swings in asset prices: The Dow could fall as low as 14’000, Gold rise as high as $1’500 until 2018:
During this vulnerable Transition Period 2015-2018 the USD could weaken as far as 1.30 or 1.40 to the Euro, but in the event of a large-scale war (i.e. Iran-Israel or Iran-Saudi Arabia), the USD could strengthen to 1.0 or 0.9 to the Euro. The price of Gold and the Swiss Franc may see more upward pressure than downward. We see a decline in consumer discretionary demand growth in Europe, China, Japan, South Korea, Thailand, Mexico, Chile, Brazil and Taiwan, but from Q1 2017 robust energy, security and military spending will in some economies help compensate this weakness.
By Christian Takushi MA UZH, Macro Economist & Geopolitical Strategist, Switzerland – 7 Aug 2017 Policy Makers may have become the biggest Systemic Risk for Human Kind. They’ve made our world extremely vulnerable to simultaneous external shocks: the overlap of multiple geopolitical trends during 2017-2024. Last week we recommended our…
https://www.cash.ch/news/politik/oekonom-christian-takushi-europa-wird-zum-superstaat-1076988 Cash Magazine Interview with Christian Takushi, June 15, 2017 – Translation from German into English by a writer in CA, USA. “Europe to become a Super State” The economist and financial expert Christian Takushi correctly predicted BREXIT and TRUMP’s victory. He says the Middle East faces a major war. In a Cash-Interview he also draws a…
By Maurizio Sanci – 30 May 2017, Geneva – Switzerland. (editor: Maurizio Sanci is a seasoned investment specialist with a unique blend of “technical & macro charts with investment knowhow”. After following his market research over the past four years, I’ve invited Maurizio to share his personal views on our…
By David Schane, Oberlin, Ohio – USA, 30 May 2017 I write with concern about the CBO’s recent scoring of the revised AHCA bill that the US House of Representatives passed. While readers may have different views about Obamacare, the CBO’s determination that 23 million fewer Americans would be insured under…
By Christian Takushi, Macro Economist & Geopolitical Strategist, 24 March 2017, Switzerland (released to the public on 22 April 2017 adapted) Humiliated by 2016 failures, Consensus is overemphasizing US-EU political risks. It understates geopolitical War Risk building up and the impact of Deregulation. Ironically, the EU risks shifting further left,…
Short Video Clip with Geopolitical Outlook after US Strikes on Syria (April 2017) Christian Takushi addresses the US air strike on Syria and 3 geopolitical factors that consensus is underestimating: 1) Trump’s defining moment, 2) Iran could unleash War in Aug-Sep 2017, a byproduct of US-Iran Deal and Turkey remembering…
By Dimitris Lagopoulos, Economist, Geneva . 6 April 2017. The European Union (EU) is in a state of crisis. Depending on the country, this crisis is economic, political, or social, or all of these at the same time. The signs are pretty obvious: the exploding debt in southern countries, the…
By Maurizio Sanci – 27 March 2017, Geneva – Switzerland. (editor: Maurizio Sanci is a seasoned investment specialist with a unique blend of “technical & macro charts with investment knowhow”. After following his market research over the past four years, I’ve invited Maurizio to share his personal views on our…
By Christian Takushi, Macro Economist – Zurich & Geneva on 14 March 2017: Elections in the Netherlands, France and Germany (this is an adapted version of the original) The EU could shift further to a liberal-left course in 2018 “Continental Europe is not the USA“ Tomorrow Dutch voters elect the new parliament…
By Christian Takushi, Macro Economist – Zurich & Geneva on 21 Dec 2016: On TERROR IN GERMANY. “Continental Europe is not the USA – Voter Revolt may not repeat in continental Europe in 2017“ As Germany is rocked by the worse terror attack in decades, this is a summary of…
By Maurizio Sanci – 25 November 2016, Geneva – Switzerland. (editor: Maurizio Sanci is a seasoned investment specialist with a unique blend of “technical & macro charts with investment knowhow”. After following his market research over the past four years, I’ve invited Maurizio to share his personal views on our…
Interview with L’Agefi in Geneva on 23 November 2016. Christian Affolter interviewed Luc D’Hooge (Fund Manager at Vontobel Asset Management AG) and Christian Takushi (Macro Economist & Strategist at Geopolitical Economics AG). After having correctly forecast the outcomes of both, BREXIT and US Elections in 2016, Christian Takushi spoke at…
