This post was written because 4 weeks ago a very good friend called to tell me that he had lost his job – I gave him this advice and today he called to say I picked him up and he went out the very next day, did what I suggested and he now has a [...]
Archive for the ‘economy’ Category
3 bikes 3 flat tires
Posted in Health - Body, Poland, economy on January 29, 2009 | 1 Comment »
Black Swan
Posted in economy on January 16, 2009 | 4 Comments »
I’ve just finished reading Black Swan by Nassim Nicholas Taleb and I have to agre with the positive reviews this book has received, it is a must read – Taleb is a genious who must be heard by Financial Regulators.
One of the tools he advocates abolishing is VAR (Value at Risk) this is a tool [...]
Oops there goes the złoty again
Posted in Poland, economy on January 16, 2009 | 3 Comments »
So the złoty might be going down hill against the euro and other currencies but the worst impact will be how it is comparing against the Swiss franc. I have a lot to write on this subject, most of which would be along the lines of “I told you so”…..
Estimates are that up to PLN [...]
How to fix the credit crisis
Posted in Observations, economy on January 11, 2009 | Leave a Comment »
First off who’s to blame – well right now I am happy to report in principle it’s the bankers. I can say that because I don’t want anything from them.
Let’s look at the situation – when I was a young student, I was terrified about asking the bank for a loan – bank managers always [...]
Cooking Dinner in the shower
Posted in economy on January 8, 2009 | Leave a Comment »
I’m a big fan of Economics, I admit that despite struggling through economy at University I have been rekindled to it after its resurgence thanks to steve Levitt, Tim Harford, et.al but the one that inspires me the most and in my opinion the funniest is Hal Varian he’s on secondment as Google’s Chief Economist and [...]
Picking up the pieces
Posted in Poland, economy, tagged environment, Poland on January 2, 2009 | Leave a Comment »
2008 was a pivotal year for me – I can only say it made me the strongest I have ever felt and so into 2009 I bound with the usual degree of optimism mixed with a healthy dose of realism.
If you want to know how business can remain attached to its focus whilst considering the environment [...]
Polish Energy Gridlock
Posted in Poland, economy, tagged Poland Electricity on April 9, 2008 | Leave a Comment »
Forgive me if I sound somewhat negative about the state of the Polish Electricity sector (Grid and Power Stations). Over at Polandian I have written about yesterday’s blackout in Szczecin (population 420,000) and a) the need for investment in the energy sector (both grid and stations), b) a sensible clean energy bill and c) privatisation [...]
Polish Government Head stuck in a ‘Coal Mine’
Posted in Poland, economy, tagged Poland Energy on March 19, 2008 | 2 Comments »
The Polish Government approach to Energy seems a tipsy turvy world of contradiction, unfortunately with most of the contradiction being quite negative. I appreciate the current Government is grappling with many issues and problems created by the woefully bad management of the last government but energy seems to be one area the current [...]
Warsaw’s Property Correction
Posted in Poland, economy on March 7, 2008 | 5 Comments »
I’ve written before about Poland’s irrational exuberance and the sky rocketing cost of apartments, particularly in Warsaw (prices are now quite comparable to London and Paris). But as I have consistently claimed prices would correct soon and it has started…(see below which shows prices falling). I expect Warsaw property prices to fall by about 20 [...]
Poland’s Energy Problems
Posted in Poland, economy on March 4, 2008 | 2 Comments »
I just came across an article about environmental degradation in Poland. I am disappointed to observe the repeated failure of recent Polish Governments to come up with a sensible plan for clean energy, let alone nuclear energy. On top of this Poland’s energy crisis could become disastrous – in January and February the reserves of [...]
