In my last post I raised questions about the prudency of my son including designer sneakers in his investment portfolio. While I may have reservations about what my son invests in, at least he understands the importance of financial planning and the basics of investing. This raises him above others in his age group. A … Continue reading Taxation without representation
My middle son recently told me that he invests in limited edition sneakers. When I raised a questioning eyebrow, he explained how consignment resale functions over sites like Stadium Goods and showed me how quickly some of his shoe investments have appreciated. With a little additional online research, I learned that a pair of white … Continue reading Sneakerheads
I recently read that there are approximately 527,000 dairy cows in Austria producing around three billion liters of milk each year. My initial reaction to this factoid was, “Wow, seems like a high milk to cow ratio (roughly 5,690 liters per cow). So, I did a little fact checking and learned that a high-yield American … Continue reading Spilt Milk
This is the second in a series of slightly longer posts drawing on some of my academic work. Following up on my last post, here I examine how post Cold War hubris has laid the groundwork for current Europe nationalism and xenophobia. When the Berlin Wall fell, neoconservative policy makers in the West broke into … Continue reading The true legacy of the Cold War
2020 was a difficult year for us financially. Although our teaching positions provide some regular income, most of our earnings are variable and come from contract work with corporate clients. This revenue stream is predicated on meeting our clients live. As such, travel and lockdown restrictions brought our business to an abrupt standstill in March. … Continue reading How will you be paying for that?
Yesterday in a great op-ed piece in Die Presse, Christian Ortner examined COVID 19 the economic stimulus packages and asked the provocative question: What’s the difference between a talented counterfeiter and the European Central Bank? According to Ortner, not much. In 2020 economic output in the eurozone has fallen by 7-8% and the ECB has … Continue reading Hyperinflation around the corner?
While small businesses, restaurants, or stores struggle to survive the corona crisis and unemployment has reached new heights, the fortune of Amazon founder Jeff Bezos has grown by 24 billion dollars since the beginning of 2020. Tesla founder Elon Musk has had to make do with a little over 10 billion. While the fortune of … Continue reading There’s a storm coming, Mr. Bezos…
Astrid wrote a great op-ed piece (in German) about the dangers of gloomy economic forecasts turning into self-fulfilling prophecies. Read it on Page 30 of the Friday April 24th print edition of Die Presse or on-line. Photo credit: Gerd Altmann on Pixabay
It has been one month since we last posted. Like many, we have been preoccupied. Preoccupied watching our business wither. Preoccupied finding other sources of income. Preoccupied tracking global outbreak maps, infection graphs, and mortality charts. Preoccupied overcoming ennui despite the extra time on our hands. Preoccupied sending dumb messages on WhatsApp. Too many journalists, … Continue reading This is Wilson. He now works from home.
Since childhood, I have been an avid Robert Heinlein fan (yes, despite his depiction of women in his later works) and one of my favorite aphorisms that Heinlein popularized is TANSTAAFL – “there ain’t no such thing as a free lunch.” My last grocery store receipt brings this phrase to mind. € 24.35 after discounts … Continue reading TANSTAAFL