wermutham.com https://wermutham.com/ DEVELOPING COMPANIES AND VALUE IN THE GREEN INDUSTRIAL REVOLUTION Fri, 13 Feb 2026 04:42:33 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.4 https://wermutham.com/wp-content/uploads/2018/01/cropped-wam-icon-512px-32x32.png wermutham.com https://wermutham.com/ 32 32 Webinar: Perception AI: The Next Scalable Intelligence Layer with Ellona https://wermutham.com/2026/02/10/perception-ai-the-next-scalable-intelligence-layer-with-ellona/ Tue, 10 Feb 2026 14:02:14 +0000 https://wermutham.com/?p=5012 Join us for an exclusive webinar on the 25th of February on how Ellona, one of our portfolio companies, is teaching machines to sense the world – and act – unlocking a new perception layer for industry, cities, and critical environments. Wermuth Asset Management invites you to a private online session with Ellona, our portfolio […]

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]]> Market Commentary: Why the Trump administration wants to break up the EU https://wermutham.com/2026/01/08/market-commentary-why-the-trump-administration-wants-to-break-up-the-eu/ Thu, 08 Jan 2026 07:22:36 +0000 https://wermutham.com/?p=4914 I can only speculate on the reasons. But the signals from Washington are clear: by supporting far right parties in Western Europe, which, to the delight of the Russian dictator,  to varying degrees all appeal to voters’ anti-EU sentiments, the attempt is clearly to break up the European Union and prevent any wider and deeper […]

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]]> Market Commentary: China is by far the largest economy, ahead of the USA https://wermutham.com/2025/10/03/market-commentary-china-is-by-far-the-largest-economy-ahead-of-the-usa/ Fri, 03 Oct 2025 06:25:46 +0000 https://wermutham.com/?p=4884 Whenever Anglophone media talk about how great the economic power of individual countries and regions is today, they almost always explicitly state that the United States has the largest gross domestic product (GDP), followed by China. However, this is only partially true, namely under the assumption that the national account figures are converted into dollars […]

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]]> Join us for a webinar: From Vision to Market – The Hardt Hyperloop Journey https://wermutham.com/2025/09/26/join-us-for-a-webinar-from-vision-to-market-the-hardt-hyperloop-journey/ Fri, 26 Sep 2025 08:06:37 +0000 https://wermutham.com/?p=4878 Join us for a webinar on how Hardt Hyperloop, one of our portfolio companies, is scaling from first investment to commercialization, offering a rare glimpse into a €180B market in the making. Wermuth Asset Management invites you to an exclusive online session with Hardt Hyperloop – our portfolio company and the European pioneer redefining the […]

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]]> Market Commentary: France’s national budget deficit not as dangerous as that of the U.S. https://wermutham.com/2025/09/15/market-commentary-frances-national-budget-deficit-not-as-dangerous-as-that-of-the-u-s/ Mon, 15 Sep 2025 06:05:26 +0000 https://wermutham.com/?p=4872 How dangerous is France’s negative fiscal balance for the euro? According to the latest forecast from the EU Commission, the deficit in 2025 will amount to 5.6% of nominal GDP, only slightly less than last year’s 5.8%. This is almost twice as large as permitted under the Maastricht criteria of the currency union – and […]

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]]> Market Commentary: A New Wake-up Call for Europe https://wermutham.com/2025/08/07/market-commentary-a-new-wake-up-call-for-europe/ Thu, 07 Aug 2025 05:52:32 +0000 https://wermutham.com/?p=4865 In the recent customs negotiations between the EU Commission and Donald Trump, it was obvious that the Europeans were at a disadvantage. They had to accept virtually all of his demands and received nothing in return that they didn’t already have. Most notably, they didn’t even seem to consider – or didn’t dare – to impose counter-tariffs […]

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]]> Market Commentary: ECB about to stop cutting rates – for the time being https://wermutham.com/2025/06/30/market-commentary-ecb-about-to-stop-cutting-rates-for-the-time-being/ Mon, 30 Jun 2025 05:57:12 +0000 https://wermutham.com/?p=4858 Since June 2024 the European Central Bank has cut policy rates eight times, from 4% (for the deposit rate) to 2% now, but for the governing council, it is not urgent any longer to proceed on that path. Enough is enough. The neutral rate – which has neither expansionary nor restrictive effects on the economy […]

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]]> Market Commentary: Dollar will probably continue to weaken https://wermutham.com/2025/06/05/market-commentary-dollar-will-probably-continue-to-weaken/ Thu, 05 Jun 2025 06:05:48 +0000 https://wermutham.com/?p=4851 Since April 2, when Donald Trump launched his trade war against the rest of the world, the price of the euro has increased from $1.08 to $1.14 – at the beginning of the year it had been even lower: $1.03. In the past two months the yield of benchmark 10-year US Treasuries has moved up […]

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]]> Market Commentary: Why Trump loves import duties https://wermutham.com/2025/04/23/market-commentary-why-trump-loves-import-duties/ Wed, 23 Apr 2025 17:36:00 +0000 https://wermutham.com/?p=4827 The American president is obviously worried that his country is de-industrializing, and that the process needs to be stopped – by pulling up the drawbridges in the form of prohibitive import duties. Without a manufacturing base, the country cannot produce, in sufficient quantities, high-tech goods and military hardware such as satellites, ships, planes, tanks, drones and missiles, […]

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]]> Market Commentary: The new trade war – the basics, seen from a European perspective https://wermutham.com/2025/04/07/market-commentary-the-new-trade-war-the-basics-seen-from-a-european-perspective/ Mon, 07 Apr 2025 12:27:16 +0000 https://wermutham.com/?p=4815 The U.S. administration has just raised customs duties on imports from the EU by a hefty 20 percentage points – and by 25 points on cars. Under the assumption that the volume of European exports to the U.S. will not decline much in response, this raises the cost of imports from the EU by about […]

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