February 2021 | Germany is in the deepest recession since the financial crisis of 2009. The gross domestic product slumped by more than 5 percent in 2020. Worldwide, the index has fallen by 3.5 percent. However, if we watch the stock markets, it looks like there was a party going on. It seems as if a decoupling of financial markets and the real economy is taking place. Are we threatened by a situation like the bursting of the dotcom bubble in 2000? Why it is worthwhile not only to focus on shares in one’s investment strategy, but also to invest in classic tangible assets.

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