Klement on Investing | Substack

Thoughts on financial markets by a grumpy, middle-aged German. What more do you want? Click to read Klement on Investing, by Joachim Klement, a Substack publication with tens of thousands of subscribers.

klementoninvesting.substack.com

Klement on Investing | Substack · 1 day ago

ARTIFICIAL INTELLIGENCE

From AI productivity to lower debt?

Sometimes, you come across a brief note that basically says all there is to say about a topic.

USGERMANYCOMPUTERGOLDMAN SACHS

Klement on Investing | Substack · 2 days ago

POLITICS AND GLOBAL AFFAIRS

The impact of emissions trading schemes on trade

In 2026, the EU is rolling out its Carbon Border Adjustment Mechanism (CBAM).

CHINAINDIAEUANGELO DE SANTIS

Klement on Investing | Substack · Oct 09, 2026

ECONOMICS ACCOUNTING AND FINANCE

Trade means wealth: Antiquity edition

Regular readers will know that I am a passionate free trader.

TURKEYSPAINJOHANNES BOEHMTHOMAS CHANEY

Klement on Investing | Substack · Oct 08, 2026

ECONOMICS ACCOUNTING AND FINANCE

Government debt changes the impact of monetary policy

To fight inflation, the ECB and other central banks hiked interest rates.

USUKBANK OF ENGLANDJOHNS

Klement on Investing | Substack · Oct 07, 2026

POLITICS AND GLOBAL AFFAIRS

How prepared is Europe for war?

Let’s face it, it is increasingly likely that at some point in the future, Russia will test Europe’s resolve in defending itself against the threat of Russian invasion.

EUROPENORTH MACEDONIALATVIAN NATIONAL ARMED FORCES