November 2017
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“You’re Not Getting a New Bike”

Answers to questions you haven’t asked can speak volumes
 
I live in the middle of Copenhagen, where the best way to get from A to B is on a bike. A few years ago, I bought a new bicycle. A month later I was outside the shop asking the owner why the rear brake had gouged the frame.
 
“I don’t know”, [...]

Let’s say the Euro does crack up… what’s in it for me?

What would a potential or even worst case scenario look like for the PIIGS?

There is no shortage of people willing to speculate on whether or not the Euro will survive or the fates of various indebted member countries, but surprisingly little talk of what a break up or default would look like. Adjectives like “bad” and [...]

Your Bank Bought Subprime Loans. How About Greek Bonds?

What might happen can matter more that whether it will happen.

The potential gain from snatching up pennies from in front of a steamroller seems less attractive when you consider the potential loss. Risk management is likewise often more effective if we look at the potential effects of an event than whether or not the event will occur. [...]