• Landfills are my gold mines.

    Perpetuum mobile. Giulio Bonazzi turns nylon waste into yarn. This becomes textiles. Later garbage. Then yarn again. And the best thing about it: This process can be repeated as often as you like - without any loss of quality.

    READ MORE

  • Landfills are my gold mines.

    Perpetuum mobile. Giulio Bonazzi turns nylon waste into yarn. This becomes textiles. Later garbage. Then yarn again. And the best thing about it: This process can be repeated as often as you like - without any loss of quality.

    READ MORE

  • Landfills are my gold mines.

    Perpetuum mobile. Giulio Bonazzi turns nylon waste into yarn. This becomes textiles. Later garbage. Then yarn again. And the best thing about it: This process can be repeated as often as you like - without any loss of quality.

    READ MORE

  • Landfills are my gold mines.

    Perpetuum mobile. Giulio Bonazzi turns nylon waste into yarn. This becomes textiles. Later garbage. Then yarn again. And the best thing about it: This process can be repeated as often as you like - without any loss of quality.

    READ MORE

  • Landfills are my gold mines.

    Perpetuum mobile. Giulio Bonazzi turns nylon waste into yarn. This becomes textiles. Later garbage. Then yarn again. And the best thing about it: This process can be repeated as often as you like - without any loss of quality.

    READ MORE

  • Landfills are my gold mines.

    Perpetuum mobile. Giulio Bonazzi turns nylon waste into yarn. This becomes textiles. Later garbage. Then yarn again. And the best thing about it: This process can be repeated as often as you like - without any loss of quality.

    READ MORE

  • Landfills are my gold mines.

    Perpetuum mobile. Giulio Bonazzi turns nylon waste into yarn. This becomes textiles. Later garbage. Then yarn again. And the best thing about it: This process can be repeated as often as you like - without any loss of quality.

    READ MORE

PRIVATE-WEALTH.DE
Go to Editorials

Editorial

Our own stock market indicator delivered a sell signal at the end of February. As you know, it is not a matter of forecasting trend reversals on the stock markets exactly..... read more

Capital market seismograph says "sell."

on 17 October 2018

Dear Readers, The new data of the capital market seismograph reach us just now. "The climate shift on the capital market, which has been the subject of discussion for quite some time, is now reflected in the probabilities of the seismograph and leads to the recommendation of a strong reduction in the share quota", Oliver Schlick informs, "the advice is to reduce the weight of shares considerably....

ECB strategy is positive for the stock market.

Dear Readers, The European Central Bank has given concrete form to its medium-term policy guideline. It will continue its bond purchase program until September 2018, but will reduce the monthly purchase volume from currently 60 to 30 billion. However, the Lerbach Round does not see this as a fundamental turnaround in monetary policy. Instead, it interprets the ECB's plan as a signal that monetary...

Lerbacher Runde urges caution.

The slight easing in the trade conflict between the USA and the European Union makes it less likely that Donald Trump - as originally announced - will now be able to increase customs duties on cars from the EU in the near future. However, according to the Lerbach Round Table, the trade issue is far from being off the table for investors. In the dispute between the USA and China there are still no...

Ifo-Klima again calls for caution.

on 02 October 2018

Dear Readers, The Munich-based ifo Institute presented the August results of its survey on the business climate and business expectations. According to the report, the mood in the German economy has deteriorated noticeably recently. The important expectation component in the manufacturing industry has even fallen below its long-term average. This puts the industry back in the downturn quadrant of...

Fulminant recovery in the Ifo climate.

on 02 October 2018

Dear Readers, A month ago there was still reason to fear that the German economy would fall into a downturn scenario in the autumn. The current results of the Ifo business climate index have impressively wiped this fear aside.

Economy still ok - but a political thriller threatens.

on 02 October 2018

Dear Readers, Following its rapid rise in recent months, Germany's most important economic indicator has entered the reverse gear. Although the ifo business climate remained at a high level in November, expectations in industry declined slightly. Obviously, the discussions about Donald Trump's future trade policy have already slightly dampened export expectations.

A conciliatory end to the year

on 02 October 2018

Dear Readers, The ifo economic indicator ended 2016 with an optimistic trend. After the decline in November, business expectations in industry improved again. Export expectations, which are so important for Germany, also increased in view of the falling euro exchange rate and the resulting improvement in price competitiveness.

"Positive signals from Wall Street."

on 02 October 2018

Dear Readers, The team led by Professor Dr. Rudi Zagst of the Technical University of Munich has just sent us the latest data from the capital market seismograph. As you know, the scientists distinguish between three phases in the US equity market: "green" (quiet market = buy), "yellow" (turbulent market with positive expectation = invest, but with hedge) and "red" (turbulent market with negative...

« »

Expertenrat – just in time.

There are currently four questions driving the investment experts around: The grace period is over - can Emmanuel Macron get France going? Bundestag elections - what would a black-yellow government bring to the German economy and the capital markets? Euro boom - how long will the upswing in the European currency last and what does it mean for Europe's export economy? Price targets reache...

Comeback of economic optimism.

on 02 October 2018

Dear Readers, The ifo business climate in July brought a massive improvement. The most important component for us - expectations for the future in industry - has risen significantly again after eight consecutive declines. Expectations have now even returned to the level of January 2018. With this brilliant rise, the danger of the German economy soon slipping into the downturn quadrant of the ifo...

ifo Indicator of Economic Sentiment continues to decline.

on 02 October 2018

Dear Readers, The ifo business climate in July did not bring a turnaround. The most important component for us - the industry's expectations for the future - has now declined eight times in a row. The fact that the ifo economic clock is still in the boom quadrant is due to the historically high values at the beginning of the year. Step by step, however, this indicator is now moving in the directi...

ifo traffic light continues to show "red".

on 02 October 2018

Dear Readers, The ifo business climate in June does not give the all-clear. The most important component for us - expectations for the future in industry - could not improve after six consecutive declines. Although the ifo economic clock is still in the boom quadrant, it is moving in the direction of a downturn. And the ifo traffic light continues to be set to "red. It shows the monthly probabili...

« »

how to earn it

On the wrong track.
30 Sep 2018 - Gerd HübnerOn the wrong track.

Future risks. The dissatisfaction of considerable sections of the population gave a boost to populist currents in the Western world. The Lerbach Rou [ ... ]

read more...
"Where we are is up."
30 Sep 2018 - Philipp Wente

Record player. Jochen Räke sells a product that should no longer exist in the digital world. But because his record players are among the best and  [ ... ]

read more...
The dealer scare.
30 Sep 2018 - Günter KastThe dealer scare.

Bicycles. Canyon Bicycles GmbH from Koblenz is the most successful direct seller of high-quality bicycles - not only in Germany, but throughout Euro [ ... ]

read more...
With the wind.
30 Sep 2018 - Yvonne DöblerWith the wind.

Boat builder. Constructing a boat is a big entrepreneurial risk for a small company. Development work consumes a lot of time and capital. And succes [ ... ]

read more...
The down-to-earth.
30 Sep 2018 - Mariella Bauer-HallbergThe down-to-earth.

Hidden champion. Being economically successful is not always easy, even for a globally operating electrical engineering supplier. In a family busine [ ... ]

read more...
A city emerges.
30 Sep 2018 - Antje Annika SingerA city emerges.

Real estate development. In the east of Munich, a city grows within a city. The plant district comprises 38 hectares, 600,000 square meters of floor [ ... ]

read more...
Guardian of the Legacy.
30 Sep 2018 - Dr. Günter KastGuardian of the Legacy.

Succession. Magdalena Messner, 29, has been the administrator and majority shareholder of the Messner Mountain Museums since the beginning of the ye [ ... ]

read more...
"Hi Simone, your plant needs potassium."
30 Sep 2018 - Dr. Ludger Wess

Innovation. Almost a third of the annual harvests on our planet fall victim to plant diseases and pests. The consequences are fatal: famine, impover [ ... ]

read more...
Two of the same wood.
30 Sep 2018 - Mariella Bauer-HallbergTwo of the same wood.

Management buy-out. When Georg Emprechtinger joined the Austrian furniture manufacturer Team 7 in 1999, the company had a regional brand but also a  [ ... ]

read more...

how to invest it

A question of control.
30 Sep 2018 - Sonderveröffentlichung: Merck Finck PrivatbankiersA question of control.

CEOs in family businesses. Der CEO ist the most important decision maker in the company. More and more family businesses are deciding to fill this p [ ... ]

read more...
Ingenious change to the building plan
30 Sep 2018 - Dr. Ludger WeßIngenious change to the building plan

Genome editing. After half a century of molecular biological research, scientists can now make precise and targeted interventions in the genetic mat [ ... ]

read more...
Return of returns.
30 Sep 2018 - Sonderveröffentlichung: B. Metzler seel. Sohn & Co.Return of returns.

Interest rate trend. The decisive factor behind the declining interest rates of recent decades was a factor that was often hardly noticed - the ag [ ... ]

read more...
At the top.
30 Sep 2018 - Klaus MeitingerAt the top.

Business cycle. After the strong upswing of the past two years, global economic growth appears to have peaked. Is the crash following now? How likel [ ... ]

read more...
Cock closed.
30 Sep 2018 - Gerd HübnerCock closed.

Monetary policy. With flows of liquidity and zero interest rates, the central banks have stimulated the economy and capital markets. Now they pull t [ ... ]

read more...
The Lerbach Round.
30 Sep 2018 - Klaus MeitingerThe Lerbach Round.

Panel of experts. The Lerbach group - bankers, asset managers and family officers - meet every early summer in Schloss Bensberg to provide investors [ ... ]

read more...
"The party's over."
30 Sep 2018 - Roland Kaloyan

"There were good fundamental reasons for the correction on the equity markets," explains Roland Kaloyan, Head of European Equity Strategy at Sociét [ ... ]

read more...
"The party goes on."
30 Sep 2018 - Carsten Klude

"The turbulence of February was a correction, not a turnaround," says Carsten Klude, chief strategist at M.M.Warburg, "our traffic lights are still  [ ... ]

read more...
I'll pay. You're looking. You'll find We win.
30 Sep 2018 - Klaus Meitinger I'll pay. You're looking.  You'll find We win.

Investment idea. From the US, an investment alternative is coming to Europe that is perfect for entrepreneurial investors. The participation in Sear [ ... ]

read more...

how to live it

Donating is a profession.
29 Sep 2018 - Dr. Günter KastDonating is a profession.

Commitment. Ise Bosch is the granddaughter of Robert Bosch, who founded the largest private foundation in Germany. She herself is also involved as [ ... ]

read more...
Lift-off.
29 Sep 2018 - Jörg ZipprickLift-off.

Airplane car. The combination of driving and flying could revolutionize the traffic of the future. So far, however, the trials have mostly failed du [ ... ]

read more...
"Clan Management" - when the circle of shareholder...
29 Sep 2018 - Prof. Dr. Tom A. Rüsen und Prof. Dr. Arist von Schlippe

From the research workshop. The increasing acceptance of egalitarian forms of inheritance of shareholder shares has led in recent decades to the eme [ ... ]

read more...
Long times.
29 Sep 2018 - Jan LehmhausLong times.

Style. Who likes to live every second? More and more manufacturers are leaving the temporal small and small to electronic systems and recalling thei [ ... ]

read more...
The Aviator.
29 Sep 2018 - Dr. Günter KastThe Aviator.

Adventure. Bob Bates came from Australia to Papua New Guinea in the mid-1960s as a young engineer. He fell in love with the inaccessible and wild co [ ... ]

read more...
One pair of glasses for everyone.
29 Sep 2018 - Yvonne DöblerOne pair of glasses for everyone.

Commitment. A sighted person can hardly imagine what it means not to be able to see properly: writing, reading, sewing, repairing things, harvesting [ ... ]

read more...
Clans - this is how large families become sustaina...
29 Sep 2018 - Prof. Dr. Tom A. Rüsen und Prof. Dr. Arist von SchlippeClans - this is how large families become sustainable,

From the research workshop. Successful management of large shareholder groups erfordert Antworten on special family strategy issues. In private weal [ ... ]

read more...
Maturing time.
29 Sep 2018 - Dr. Günter KastMaturing time.

Pleasure. Only a few manufacturers worldwide have the specialist knowledge required to manufacture high-quality humidors. At Gerber, a Duisburg fami [ ... ]

read more...
Unrelenting.
29 Sep 2018 - Cornelia Knust.Unrelenting.

Entrepreneurship. Management consultant Roland Berger, almost 80 years old, is still an entrepreneur. He can't let go of new business ideas or the c [ ... ]

read more...

Opinionleader

"Now it's enough."
01 Oct 2018 - Dr. Peter Bofinger

The economist Peter Bofinger has always defended the monetary policy of the ECB. Why Mario Draghi  [ ... ]

read more...
Entrepreneurs must act now.
01 Oct 2018 - Florian KleinEntrepreneurs must act now.

Many companies in Germany are facing huge challenges. "Our scenario analysis shows how decision-ma [ ... ]

read more...
How families solve conflicts.
01 Oct 2018 - Sonderveröffentlichung: Professor Dr. Heiko Kleve (Wittener Institut für Familienunternehmen) How families solve conflicts.

From the research workshop. Entrepreneur families create rules and statutes that regulate life tog [ ... ]

read more...
"The cobalt boom is justified."
01 Oct 2018 - Abi Mukhta

"The high prices for cobalt and lithium reflect the current supply-demand situation," says Abid Mu [ ... ]

read more...
"It's a cobalt hype."
01 Oct 2018 - Christoph Eibl

"The prices for cobalt and lithium are currently significantly exaggerated. Viele Suppliers want t [ ... ]

read more...
Museums must reinvent themselves.
01 Oct 2018 - Dr. Florian Mercker

Should there be free admission to state museums or not? Florian Mercker, private-wealth art expert,  [ ... ]

read more...
Complicated new world.
01 Oct 2018 - Richard Smith-BinghamComplicated new world.

Richard Smith-Bingham, Director EMEA of the Global Risk Center at Marsh & McLennan, believes c [ ... ]

read more...
No end of the boom in sight.
01 Oct 2018 - Jochen MöbertNo end of the boom in sight.

"In the German metropolises, demand for living space will exceed supply for even longer," says Joc [ ... ]

read more...
"The trend in purchase prices is breaking."
01 Oct 2018 - Harald Simons

"The prices for condominiums are no longer in any meaningful relation to the framework conditions. [ ... ]

read more...

A letter from

Everyone has to be able to participate.
02 Oct 2018 - Prof. Marcel Fratzscher

A letter from ... Professor Marcel Fratzscher. The head of the DIW sees the current justice debate a [ ... ]

read more...
Protective layers.
02 Oct 2018 - Dr. Walther Michl

A letter from ... Dr. Walther Michl. The Academic Council at the Chair of Public Law and Europe [ ... ]

read more...
Become wiser.
02 Oct 2018 - Bernd Kolb

A letter from ... Bernd Kolb, who founded the Club of Marrakesh to give impulses for a better world. [ ... ]

read more...
"Is passive investing really better than active in...
02 Oct 2018 - Camille Thommes

A letter from... Camille Thommes. The Director General of the Association of the Luxembourg Fun [ ... ]

read more...
Greek tragedy.
02 Oct 2018 - Jochen Felsenheimer

Jochen Felsenheimer is Managing Director of XAIA Investment and reflects on the long-term consequenc [ ... ]

read more...
"I'm worried already."
02 Oct 2018 - Wolfgang Bosbach

A letter from ... Wolfgang Bosbach. The controversial member of the Bundestag reflects on politics,  [ ... ]

read more...
The end of sound fiscal policy.
02 Oct 2018 - Christian Jasperneite

A letter from... Christian Jasperneite; The chief strategist von M.M. Warburg & Co. warns tha [ ... ]

read more...
Economy and honor!
02 Oct 2018 - Rudolf X. Ruter.

A letter from ... Rudolf X. Ruter. The sustainability and corporate governance expert is convinced t [ ... ]

read more...
Can bio-science save the world?
02 Oct 2018 - Prof. Dr. Michael John Gorman

A letter from... Prof. Dr. Michael John Gorman.  The founding director of BIOTOPIA - Naturkundemus [ ... ]

read more...

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