Sta Hungry Stay Foolish

Stay Hungry. Stay Foolish.

A blog by Leon Oudejans

Economics & Finance

The reverse currency wars have begun (Axios Macro)

Axios Macro: The reverse currency wars have begun By: Neil Irwin Date: 21 June 2022 "In the early 2010s, there was lots of talk about "currency wars" — the claim that major world central banks were in a race to the bottom with interest rates, competitively devaluing their nations' currencies to try to seize an economic advantage. Now, that has been turned on...

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Identity vs Power: dialects

The Hague is the Dutch seat of power while Amsterdam is its capitol. The further you move away from The Hague, the more dialect you will hear. First quantity, then intensity. I suppose geographical distance from Power increases the need for Identity. Dialects must be the earliest example of Identity vs Power. Last Thursday evening, I did not understand a local...

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Don’t lead us into temptation

Late May 2022, a romantic suspense writer (71) was convicted for murdering her husband in 2018 (eg, Guardian, NYT). In 2011, she wrote a blog post: How to Murder Your Husband. Where did her temptation come from? Her blog mentions 5 motives: money, lying & cheating, betrayal, abuse, and killing as a job. Magpie Murders (eg, IMDb) is an excellent whodunnit on...

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Amundi warns that parts of private equity market resemble ‘Ponzi schemes’ (FT)

Financial Times title: Amundi warns that parts of private equity market resemble ‘Ponzi schemes’ FT subtitle: PE funds are selling assets to each other in ‘circular’ fashion, asset manager’s investment chief says By: Katie Martin Date: 1 June 2022 "Europe’s largest asset manager has likened parts of the private equity industry to a “Ponzi scheme” that will face a...

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Seizing oligarch assets is a slippery slope (Reuters)

Introduction LO: This topic is a huge moral dilemma (to me) as Isaac Newton's Third Law of Motion must apply: for every action (force) in nature there is an equal and opposite reaction (eg, NASA, Wiki). Moreover, this will create a legal precedent for forthcoming centuries that will erode the separation of powers a.k.a. trias politica. Quite possibly, this cure is...

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Why leave Russia and stay in China?

My question above might be rhetorical. Several articles (eg, WSJ) highlight that foreign investors are fleeing China due to (1) its zero-Covid policy, including factory lockdowns, (2) its transition from pragmatism to ideology, (3) its saber-rattling on Taiwan, and (4) its support for the Russian invasion of Ukraine. A recent Dutch FT article still argued that...

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