Providence Capital 
This could be an account of a first boring summer-month. Do I hear ‘’summer”? When I step into the municipal outdoor pool early in the morning, it turns out to have cooled down considerably due to the rain, to about 19 degrees. I would have been better off stepping into the North Sea at around … Read more
It is starting to get a bit boring: interest rates, rising further as core inflation remains high, especially in Europe (around 5.5%). Energy prices do help ‘headline inflation’ to come down, except in Germany and the Netherlands (+6.8%) but sticky inflation remains sticky. The goods industry is slowing or stagnant while the service sector continues … Read more
There are increasing signs of a recession in the goods sector: during the pandemic, parcels were flying around our ears. Then we were stuck and could not even go out or on holiday either. We are now catching up, but we have had enough of buying stuff for a while now. That is why many … Read more
Inflation can also be profitable The earnings season has started again. Caution about profits has been trumped up for some time, but it still appears to be unwarranted. Companies in the food sector, such as Unilever, Procter & Gamble, Ahold, Coca Cola and Nestlé almost all managed to increase their sales prices more than expected. … Read more
Last month was quite turbulent in financial markets. There was fear of banks again, just like in 2008, but was this Pavlov reaction justified, this flight out of equities, into government bonds? Suppose you set up the Bank for Bakers and all the bakers come and bank with you. They deposit their savings with you … Read more
We are now two months into the new year: 1 month of interest rate optimism and 1 month of interest rate realism. Because inflation will not be chased away that easily, as the recent figures in France, Spain and Germany showed. These did not fall, they rose! It is sticky stuff, something like: if you … Read more
It is of all times, this battle in financial markets, but now it is even more topical: the fight between Hawks and Doves. The Hawks want a strict monetary policy, the doves allow things to be a bit milder. Last year, investors joined the Hawks: central bankers had remained Doves for too long. They had … Read more
Niels Kok joined Providence Capital at the beginning of this year. Within our multi family office, he is responsible for Private Markets together with Michiel Scherpenhuijsen Rom. Kok has 24 years of experience in Private Equity, both in direct (buyouts) and fund and secondary investments. He previously worked in Private Equity at AlpInvest Partners, Rabo … Read more
First of all, a Very Happy New Year! You and I, we all have New Year’s wishes. But what are the chances of them coming true? Let me take you through my list of 10 New Year’s wishes. Peace talks between Russia and Ukraine Generous supply of oil and gas No more coal firing and … Read more
What is the score? Who is scoring, who is trailing or downright failing? These are exciting times. I enjoy the reporting, though mostly from the side-lines. Who has the most energy? Surely, the most striking thing in Qatar was Germany’s smooth scoring. They went home quickly with a 15-year gas contract in the bag, starting … Read more
I hereby provide you with my e-mail address so that you can e-mail the newsletter with me once a month. This is the only purpose for which my data is used by Providence Capital. I am aware that I can cancel my subscription at any time by unsubscribing via the link in the newsletter or by sending a message to info@providencecapital.eu. Providence Capital will delete my data upon receipt of my deregistration.
