Providence Capital

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

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

Hope and reality Naturally, I’d like to start this newsletter by wishing you a relaxed and healthy New Year. Without virus worries but with the holiday that you have had to postpone a few times and with a bite in a restaurant or a little drink on a terrace every now and again. And without … Read more

Special developments and achievements experienced during a certain period of time are often named “golden moments”… This was certainly the right description of the Dutch “Golden” 17th Century as well as for the City of London’s Golden Age as the financial heart of Europe. Both historic events now. Last month was a golden time for … Read more