How to Read 21st Century Zurich Axioms: Investing when Central Banks run amok PDF
In 1985, when the first Zurich Axioms were published, people invested in markets which were driven by supply and demand. Things took a turn to the worse, with central banks distorting what once were markets, basically turning the whole world into a planned economy.At the time of writing, 16 trillion worth of bonds are yielding negative returns, what’s of course impossible in a free market economy, where nobody would pay for lending.Germany, year of the lord 2019, is the ultimate planned economy, with every maturity along the yield curve in negative territory. This isn’t even a secret, Bloomberg’s Taylor Riggs showed it on TV, it’s still in her LinkedIn and Twitter account: https://twitter.com/RiggsReport/status/1157332359018090501. Planned economies never worked, so it doesn’t come as a surprise Germany’s main equity index, the Dax, shows record high profit warnings. But complaining doesn’t help, so in order to keep trading profitable, we developed our new checklist with Axioms that actually do work. Most 21st Century Axioms work best in combination, this book is about how it’s done.For more on investing visit us here: http://commodity-report.com
