A month ago, the economic indicator - part of the private-wealth stock market model - had given a buy signal. As a result, at a DAX level of around 15,100 points, the model increased the suggested equity allocation from 75 percent (underweight) to 115 percent (overweight). We explained the logic of the stock market model to you in detail at the time. The latest results of the ifo Institute on the business climate in February confirm this signal. For the fourth time in a row, business expectations in industry rose. Companies are more optimistic, the order backlog has increased again, but material bottlenecks continue to hamper production, writes the ifo Institute. Interestingly, the Munich researchers' economic traffic light has now also...

Dear Sir and Madam, on Tuesday we had given you an update on TubeSolar's corporate history and announced that Dr. Karsten von Blumenthal, analyst at First Berlin Equity Research, would revise his assessment of the stock in the coming days. This has now been done. With Mr. von Blumenthal's permission, we are happy to provide you with the analysis.

In view of high inflation rates, interest rates are rising worldwide. After around three years in negative territory, there are now positive yields on ten-year federal bonds again for the first time. And central banks are signaling that they will take their foot off the gas this year. Analysts are therefore already talking about the start of a new investment regime. What is in store for investors? The editors of private wealth asked the Lerbach Competence Circle - 40 strategists from family offices, private banks and asset managers - for their take on inflation, monetary policy and interest rates. Inflation, the Lerbach Competence Circle suspects, will definitely keep us busy throughout the year. In Germany, the increase in consumer prices...

For three years, Modern Monetary Theory has led the world to believe that it can create an economic paradise - a world in which the state has unlimited capital at its disposal for investment or job guarantees to ensure a perpetual upswing. Now - in view of high inflation rates - the litmus test is due. And the theory fails miserably. Remember. In 2019, much was written about the fascinating "Modern Monetary Theory". Even private wealth reported on it (link 01/19 Welcome to paradise).The idea: government deficits do not matter, fiscal policy must and can ensure full employment. After all, the central banks would provide the necessary capital. They finance the state sector as needed and set interest rates at will - preferably at zero. Sound...

After the turbulent stock market days of the last week, we were very curious about the current result of the capital market seismograph. Would the seismograph, which is supposed to warn of massive stock market storms in good time, strike out? "Our indicators tend to suggest that the setbacks on the stock markets are an exaggeration. We do have to be prepared for turbulent times lasting longer than expected - but these do not necessarily have to be bad for stock investors," informs Oliver Schlick, Managing Director of Secaro GmbH, who regularly calculates the model and links it to investment recommendations. As you know, the seismograph combines various economic variables, such as early economic indicators, interest rate developments or...