GnS Economics Newsletter

GnS Economics Newsletter

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GnS Economics Newsletter
GnS Economics Newsletter
A Return to Markets
Daily Thoughts

A Return to Markets

Putting the skin back in the game.

Tuomas Malinen's avatar
Tuomas Malinen
Jul 10, 2025
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GnS Economics Newsletter
GnS Economics Newsletter
A Return to Markets
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I have not been active in the financial markets since December 2017. Then a contra-fund (ETF) I had a small position in was discontinued by Nordea Bank. I was furious about the decision and called the managers “idiots” because they ended the fund right before it could have started to yield again. The fund had been operational since the Great Financial Crisis (or that’s at least how I recollect), and 2017 simply was the worst year to end it, as the relentless bull run that had run since 2010 ended with a deep market downdraft in late 2018 and with a crash in March 2020.

Another factor contributing to my absence was the Chapter 11 bankruptcy that I, along with GnS Economics, went through in 2022. It took some time to financially recover from that.

Today marks my return to the markets, and, like I promised earlier, investments in my portfolio will be made public to my subscribers and to those of GnS Economics (not the sums, though).

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