‘ I don’t think anybody has a very good model of what makes gold prices go up or down.’ What Federal Reserve Chair Janet Yellen said at her confirmation hearing in November 2013, was instantly opposed by financial analysts. Of course, they would have good models for gold. According to these models, the following factors are decisive: Inflation Dollar Oil Geopolitics …
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Less Than Zero
For many people in my generation between 40 and 50, the term ‘Less Than Zero’ stands not only for low temperatures, but for the culture of decadence of the wealthy youth in Los Angeles in the middle of the 80’s, as shown in the (depressing) movie with this title. This is going to change – and the term ‘Less Than …
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