Ronald-Peter Stoeferle – Think Piece

Featuring Ronald-Peter Stoeferle

Ronald-Peter Stoeferle, 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.

Published on
29 January, 2016
Topic
Monetary policy, US Dollar, Gold
Duration
19 minutes
Asset class
Currencies, Commodities, Equities
Rating
22

Comments

  • T~

    Tshort63 ~.

    2 1 2017 22:14

    0       0

    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 2 2016 03:49

    1       0

    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 2 2016 00:28

    0       0

    But hasn't all this been discounted in the market place yet. Great stuff from RVTV team

  • DH

    Dale H.

    7 2 2016 22:16

    0       0

    Interesting. Worth listening to. NZ not doing QE. And has not.

  • BK

    Ben K.

    2 2 2016 00:34

    1       0

    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

    Ronni S.

    31 1 2016 18:49

    4       0

    @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 1 2016 07:25

    2       0

    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 1 2016 22:20

    1       1

    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 1 2016 22:09

    1       0

    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 1 2016 11:52

    0       0

    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 1 2016 09:45

    2       0

    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 1 2016 01:23

    2       13

    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 1 2016 23:47

    22       0

    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 1 2016 22:50

    7       0

    Japan rate news today flatters your discussion of negative interest -- talk about good timing .

  • TM

    Taylor M.

    29 1 2016 19:28

    2       0

    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 1 2016 17:50

    1       0

    Recession? Normal ? Healthy ? Good? Grant /Grant interview suggested same hypothesis.. mmmmm. something to think about