Weekly Paid Newsletter 10/10/2021

Asymmetric Portfolio +23.64% YTD.

Another week, another week that the world is not falling and another week that we continue to pick up higher and higher inflation data on all asset classes and in all parts of the world.

As noteworthy data this week, we have that in the UK property prices showed the strongest monthly increase since the great recession of 2007, rising by 1.7% or £4,425, to £267,587 which is set as the average UK house price. On the other hand, in Germany, the price of energy is seriously affecting all consumers and its price has increased by 10.7%.

These data have not caused the main central banks to cut their liquidity injections in the markets, quite the contrary, in the case of the ECB the total assets have increased by €15.9B, reaching €8,289.15B, which represents 76% of the Eurozone GDP, while in the case of the FED it is at 37%.

What is really curious about all this is that this week the US unemployment rate was reported at 4.8% (vs. 5.1% expected), caused by central banks that continue to provide…