Posted in Uncategorized on Aug 26th, 2009
Recently German media often discusses about the pension system. People from different parties debated heavily. Many people want so-called retirement-pension-guarantee. In my opinion, the retirement pension system in Germany, which was designed in 1950’s, is totally out of the reality of the current highly dynamic, highly competitive, and globalized economic. In Germany, young people pay [...]
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Posted in Uncategorized on May 7th, 2009
Recently in Germany and other European countries there have been milk farmers protesting against the low milk price.
IMHO, protest and demostration brings nothing. The price is largely decided by the relationship of demand and supply. If the price stays steadily low, that means the supply is too large. The milk farmers can see a price [...]
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The Wise: Helmut Schmidt, ex. Chancellor of West Germany from 1974 to 1982. The talk below was on 2008.05.20. When I get time I’ll try to translate it into English.
The complete interview can be found here.
If only Angela Merkel were as half as wise as Helmut Schmidt is, Germany would have much less problems now. [...]
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Posted in China, economics, investment, politics on May 14th, 2008
Sniff:
Jim Rogers: China’s Economic Advance is All But Unstoppable Recently I was reading a 20-year-old book “Market Widzards: Interviews with Top Traders” and was deeply impressed by Jim Roger’s accurate prediction for the world economics in late 1980s. More impressive was his way of viewing the world economics. Now let’s see what he said about [...]
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