Although many economists claim the opposite, we know little about the future. But what little we do know is very powerful. Klaus W. Wellershoff separates the wheat from the chaff and provides practical tools for assessing the development of the economy and financial markets. He also provides an empirically supported basis for sensible asset management. He uses numerous examples to illustrate this and provides an overview of the current situation of the global economy and the market for private asset management in Switzerland.