Providence Capital 
Financial environment The financial environment remained at Olympic levels in most regions last month. Economic growth caught up again, especially in the US and Europe. And this, of course, was accompanied by a ‘surprisingly’ higher inflation level: at 3.8%, German inflation reached its highest level since 1993. Although 0.5% higher than expected, the ECB announced … Read more
We have now reached the final rounds of the interest rate competition. The heat is on, it gets exciting, because who will be the first to admit that the inflationary pressure is getting too much for him or her? Who blinks first? In the group matches there were already countries that dropped out and loved … Read more
One of the hardest things to do is to pretend weather conditions are excellent when you have just been caught in a downpour. Not unlike the recently released US inflation rate, the highest in 40 years, that even the most pessimistic economist had not even remotely predicted: 4.2%. It was a pity that the inflation … Read more
It seems simple: the government orders money, the central bank supplies it, keeps the interest at around 0% and you get it transferred. Then a few more mouse clicks and your order is on its way to the store. And they click your order through to the factory. Will that work? Probably if we only … Read more
The world is getting back on track, especially in the US, where nearly 1 million jobs were added in the past month and the services sector also appears to be recovering. Both the vaccination and the emergency plan got off to a flying start. But perhaps another few thousand billion dollars in stimulus will be … Read more
Inflation and interest rates If there is no inflation, interest rates are low and stocks are likely to be well priced. But if inflation were to increase and thus cause interest rates to rise, it will be a different story for stocks. That is the core of the current discussion in financial markets. But what … Read more
Providence Capital, together with approximately 150 institutional investors, supports the initiative for a fair and equitable distribution of the COVID-19 vaccines. Of the approximately 128 million vaccine doses administered to date, 75% have been administered in 10 countries. There are still 130 countries with a total of 2.5 billion inhabitants where no dose has yet … Read more
Alternative Investments +31 (0)88 8086972 +31 (0)6 24352111 mscherpenhuijsenrom@providencecapital.eu vCard Michiel is responsible for Private Markets. Previously he worked for several family offices/business owners where he focused on direct and indirect private equity/debt and general financial advice.Prior to that he was partner of a UK private equity firm. Michiel started his career at the Bank … Read more
Associate Investment Manager +31 (0)88 8086910 +31 (0)6 45488863 jhagens@providencecapital.eu vCard Joost graduated in Financial Economics from Erasmus University Rotterdam. He started at Providence Capital as a working student in March 2020 and has been officially employed since 2021. Joost is a member of the Investment Committee and is jointly responsible for portfolio management and … Read more
Bubbles Many of us will remember the tech-bubble in the late 90s when the talk of the day was about shares and options of mostly new, often unknown companies, which hardly made a profit, if at all. That was an indication of all the things that went wrong afterwards. These days, mature central bankers and … Read more
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