Today the citizens of the UK will go to the polls to elect a new Parliament – again. With the exception of 2018, this country now had a referendum or a…
Joachim Klement
This post is part of a series on The Virtuous Investor. For an overview of the series and links to the other parts, click here. “Nevertheless the only …
Joachim Klement
I have recently written about the ineffectiveness of forward guidance to steer inflation expectations. Because most normal people do not understand how…
Joachim Klement
I just heard the news that Paul A. Volcker died today at the age of 92. I thought I write a few things about a man that was one of my heroes in finance…
Joachim Klement
On Friday, I have shown that Father Christmas (aka Santa Claus) is making a lot of losses on Christmas since he gives away all those presents that cost…
Joachim Klement
Today is Saint Nicholas Day and while people in the UK or the United States don’t celebrate this day, it is big in the Netherlands, Belgium, and German…
Joachim Klement
Allegedly, trade wars are good and easy to win, but if you ask farmers in the US, they would likely disagree. The Farm Bureau, America’s largest farm l…
Joachim Klement
This post is part of a series on The Virtuous Investor. For an overview of the series and links to the other parts, click here. “I have perceived to ha…
Joachim Klement
I have teased you in this blog about my forthcoming book titled “7 Mistakes Every Investor Makes (and How to Avoid Them)” and I am proud to say that it…
Joachim Klement
One thing economists understand is that change only happens when people have an incentive to change. And when it comes to fighting climate change, gett…
Joachim Klement
…then give them time off! This seemingly contradictory statement is the result of a study by Timo Vogelsang of the University of Cologne. He studied in…
Joachim Klement
The chart below has haunted me for the better part of 2019 now. It shows the consumption per capita in the US and the UK by age as recorded by the Nati…
Joachim Klement