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Dear friendsApril delivered another mixed bag of economic developments, with both positive and concerning trends in the global economy.The U.S. economy grew more slowly than expected in the first quarter,…

Dear friendsIn March, the unprecedented interest rate hikes by the U.S. Federal Reserve in the past 12 months began to translate into a rising dollar and a troubling domino effect…

Dear friendsOnce again in February, all major asset classes such as equities, bonds and gold all dropped at the same time. Only the US dollar was able to strengthen somewhat…

Dear friendsJanuary kicked off with the usual year-end reviews trying to make sense of 2022, which will go down in history as the worst year for stocks since 2008. Major…

Dear friendsA belated Happy New Year and best wishes for health and happiness, prosperity and patience!In December, the Federal Reserve raised interest rates again by 0.5% to 4.5% and Chairman…

Dear friendsNovember began with a bearish week on Wall Street, as investors were spooked by another 0.75% rate hike by the Fed right after Halloween.The U.S. midterm elections followed, with…