by Gerhard Massenbauer | Oct 3, 2025 | Analysis, Markets, Multi-currency
Over the past few months, I have repeatedly emphasised that the rise of the USD against the euro over the past 15 years was caused by unsecured stock investments. Contrary to the frequent suggestion that foreigners have been withdrawing money from the US in recent...
by Gerhard Massenbauer | Sep 26, 2025 | Analysis, Markets, Multi-currency
Emerging markets generally experience gains in value during periods of relative weakness in the USD. Over the past 18 months, the Fed’s failure to significantly cut interest rates, unlike in Europe and Asia where inflation rates fell more sharply, has had a...
by Gerhard Massenbauer | Sep 22, 2025 | Analysis, Markets, Multi-currency
The Race is on! Who Will Last the Longest? In recent years, I have repeatedly pointed out that it is no surprise that the US is growing faster and is more productive than Europe, because, unlike in Europe, credit growth was not reduced, but instead massively...
by Gerhard Massenbauer | Sep 17, 2025 | Analysis, Markets, Multi-currency
Further Developments are Dependent on the USD Following the sharp decline in the value of the US dollar in spring, which weakened major currencies against the euro, the situation calmed down over the summer. In particular, the Swiss franc has stabilised and regained...
by Gerhard Massenbauer | Sep 12, 2025 | Analysis, Markets, Multi-currency
In the medium term, the pressure exerted by the US is causing Asian countries to form closer ties with each other. Meanwhile, China is presenting itself as a stable haven and increasing its activity in Asia and beyond. The West’s High Level of Debt is its...
