I am a research assistant at the chair for international economic relations at University of Oldenburg, Germany. This year I completed my doctoral degree after participating in the PhD program “Globalization and Employment”. In this blog I write about stuff that crosses my mind, mostly from Economics and related fields. I try to keep the vocabulary simple so that hopefully everybody can understand it. That is why the blog is named econ101.de. The views expressed here are my own, and this website is not affiliated with the University of Oldenburg.
Evaluation of the dominant assumptions and an understanding of the dynamics of the economic engine is the basis of an approach to asset allocation that provides for both a rational determination of value and an understanding of sentiment in the form of price as a measure of the irrational nature of the operational environment, an approach that is intended at once to avoid unnecessary risk while at the same time enable gradual rebalance of assets as a means to increase net worth via optimization of appreciation and long term yields. Let's call that buy low and fly high just for fun.
Undergraduate degree from U. of Pennsylvania in biology although I did take too semesters of economics at the Wharton School. M.D. from U. of Pittsburgh. Studied rheumatology at Wake Forest U. where I remained on the faculty for 16 years with interests in basic research on the immune system and also clinical research. I then went into private practice and I retired six years ago. I began investing in the early seventy's as a value investor given that my late wife was Ben Graham's niece. After the March '09 melt down I started trading, but by the summer I had become primarily a fixed income investor.
I live in Greece. I travel a lot. I sometimes handle large sums of money. No I don't launder money or deal in drugs. But if you do want to launder money, a legal way is (for US citizens) to declare it to the US Treasury, then buy real estate overseas. Once you have real estate overseas, effectively your money is "lost" to the US government, because as of today there is no "international" registry for real estate (that could change in the future of course). As to how much your real estate is worth for estate purposes (should it come to that)--just rely on your foreign real estate assessor--and it's doubtful the IRS will challenge your foreign real estate assessor, if the assessor makes a fair estimate (by contrast, if enough money is at stake in the USA, I bet the IRS would hire their own assessor and challenge your assessment; that would be harder to do if the real estate is overseas). Just my two cents--I'm not an expert in this area either. Consult your attorney if you are serious about this topic. A fairly informative but somewhat spam-like site on international investing is: The Sovereign Society.
Bruce E. Woych :CULTURAL ANTHROPOLOGIST; (theoretical orienttion for theories of consciousness; medical anthropology and cultural ecology; specialization in cross cultural studies, state formation and the History of ideas; theories of Culture) FROM THE GRADUATE FACULTY OF THE NEW SCHOOL IN THE 1980s worked as PhD research assistant for the department . Taught 5 years at 12th st, New School and left city life in or about 1990 to raise my family upstate New York. Currently doing independent research on contemporary issues. My essential views on the American and Global economic paradigm can be deduced from the following study articles:
POLEMICAL ECONOMICS & THE HISTORY OF IDEAS (NEW SCHOOL)