Journal
November 2023
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Non-Performing Miners / Why Pension Schemes Matter
Good Morning Ladies and Gentlemen “We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.” Alan Greenspan Why miners are not performing Ladies and Gentlemen, we were asked why miners were not performing. You know, we, too, are unhappy about the performance of […]
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Tenacity
Good Morning Ladies and Gentlemen “The stuff your dreams are made of is not tearproof.” Simone Lappert Tenacity: my favourite definitions An example of tenacity is the ability to keep doing something challenging despite obstacles or setbacks. Another example of tenacity is the determination to continue pursuing a goal or a dream, even when […]
October 2023
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Crazy
Good Morning Ladies and Gentlemen “If term premiums rise, they could do some of the work of cooling the economy for us, leaving less need for additional monetary policy tightening.” Lorie K. Logan, president and chief executive officer of the Federal Reserve Bank of Dallas What is happening? Although it seems that the […]
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Nonideal Theory
Good Morning Ladies and Gentlemen “‘The distinction between ideal theory and nonideal theory was first introduced by John Rawls in his classic “A Theory of Justice”. Given certain facts about human nature and possible social institutions, Rawls’s ideal theory is an account of the society we should aim for and involves two central assumptions. First, […]