Ich habe Schmerzen, wirkliche Schmerzen! Da habe ich mich überreden lassen, nochmal ein Produkt aus der Feder Ray Dalios zu konsumieren, nachdem ich einige seiner Artikel vor Jahren gelesen und für Quatsch befunden habe. Immerhin ist er eine populäre Stimme, ein erfolgreicher Investor und behandelt Themen wie Geschichte, Geldtheorie und Wirtschaft, für die ich brenne. Continue reading “Der Hobby-Historiker der Finance Bros”
Category Archives: money theory
The Rise of Carry: How financial markets reflect power imbalances
Many parts in the 2020 book “The Rise of Carry” are fascinating. Lee et al. delineate the ramifications of carry in all angles of financial markets and identify the root cause for the emergence of the carry regime in a global dysbalance of power and wealth. Their analysis is sometimes sharp yet often disconnected. The conclusions they draw, however, display a misconception of money and the role of policy.
Extended Mind and Smartphone Banking
In June 2014, the US supreme court decided that police needs a judicial authorization to infiltrate a smartphone. In its explanatory statement, the judges noted that „modern cell phones […] are now such a pervasive and insistent part of daily life that the proverbial visitor from Mars might conclude they were an important feature ofContinue reading “Extended Mind and Smartphone Banking”
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