Ronald-Peter Stoeferle – Think Piece

Published on
January 29th, 2016
19 minutes

Ronald-Peter Stoeferle – Think Piece

Think Piece ·
Featuring Ronald-Peter Stoeferle

Published on: January 29th, 2016 • Duration: 19 minutes

Ronald-Peter Stöferle, Fund Manager and Managing Partner of Incrementum AG, leads this week's Think Piece in which he outlines two possible outcomes to central bank intervention: either a massive deflationary 'flush' allowing economies to start with a clean slate, or negative rates and fiscal stimulus leading to a weakening dollar.


  • TS
    Tim S.
    2 January 2017 @ 22:14
    Good insight, pretty darn accurate 13+ months later. Most look backs are off 30-40% but this interview still holds water and recent developments (Brexit, Italian referendum, growing cracks in banking) add fuel to his argument.
  • DD
    Derek D.
    29 February 2016 @ 03:49
    Of course recessions are healthy. It’s the artificial boom that isn’t. And of course we wouldn’t have recessions in the form of massively diocoordinating busts were it not for said booms. End the Fed.
  • NG
    Nitin G.
    29 February 2016 @ 00:28
    But hasn't all this been discounted in the market place yet. Great stuff from RVTV team
  • DH
    Dale H.
    7 February 2016 @ 22:16
    Interesting. Worth listening to. NZ not doing QE. And has not.
  • BK
    Ben K.
    2 February 2016 @ 00:34
    Comment around 14:30 to go has Reserve Bank of Australia (RBA) and the NZ equivalent doing QE and indicating more. These have cash rates of 2% and 2.5% respectively. Not doing QE to my knowledge
  • rs
    ronald s. | Contributor
    31 January 2016 @ 18:49
    @Michael: Think the fund that he’s talking about, is only CHF 15 Mio. Perf. is OK, given the fact that they are investing in miners, energy&commodities, 9% DD in the last 2 years seems quite good
  • MK
    Michael K.
    31 January 2016 @ 07:25
    Not sure his ideas are working. He manages 10m and hasn't earned one single dollar for his investors since the launch of his fund two years ago... that's according to the factsheet on his website.
  • GC
    Gary C.
    30 January 2016 @ 22:20
    Snyder has read thru 900 plus pages of FOMC meeting data to show how the Fed has missed/ignored the Euro D, and explains how their continued policy errors relate to that mistake/neglect. Over&Out,,
  • GC
    Gary C.
    30 January 2016 @ 22:09
    Stoeferle's use of the Eurodollar mkt to bet against the dollar is interesting. Jeffrey Snyder thru his writings has reinterpreted financial history since Bretten Woods through Eurodollar reasearch
  • TJ
    Terry J.
    30 January 2016 @ 11:52
    Most interesting insights on many key issues. Not sure if he is right about inlfation versus deflation but would love it if he is.
  • NF
    Nico F.
    30 January 2016 @ 09:45
    Agree very much with the direction of thinking but time horizon is much too short. Dalio is talking about losing faith in the dollar "in a few years". Until then I stick with the deflation trade.
  • AE
    Alex E.
    30 January 2016 @ 01:23
    Not buying the negative rate narrative. FOMC has always done the unthinkable when it comes to raising/lowering rates. More hikes coming...
  • PS
    Patrick S.
    29 January 2016 @ 23:47
    Again RVTV interviews someone who is ahead of the curve. Great forecasting on what will be the outcome of BOJ easing today. US rates to be negative soon!
  • tW
    tgwtom W.
    29 January 2016 @ 22:50
    Japan rate news today flatters your discussion of negative interest -- talk about good timing .
  • TM
    Taylor M.
    29 January 2016 @ 19:28
    I like the contrarian dollar thoughts over medium/long but what would be the catalyst in the short term reversal before FOMC in march?
  • GT
    Graham T.
    29 January 2016 @ 17:50
    Recession? Normal ? Healthy ? Good? Grant /Grant interview suggested same hypothesis.. mmmmm. something to think about