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piqer for: Boom and bust Global finds
MSc. in pure Mathematics at Exeter University, UK
PhD in Philosophy at Tübingen University, Germany
Visiting Fellow at Princeton University, NJ, USA
Co-owner of a Fund Management firm in Munich, Germany
Wrote two books on finanace and economics
Currently working on a book on mathematics in the early 20th century
Shorting Ivanka?
This is a great little piece about Economics 101. US President Donald Trump was perhaps somewhat careless when he bashed department store Nordstrom via Twitter for dumping his daughter Ivanka's fashion line.
Justin Wolfers explains what will happen next: every potential business partner will think twice before entering an agreement they cannot abandon without getting into conflict with the White House. Who will want to do business with Ivanka in the future?
This is certainly nothing new. Employers tend not to hire new workers when they can't fire them. Landlords do not rent out at reasonable prices when tenants are too well protected. This at least is something the new president (a landlord) should have known.
If he cannot get Economics 101 right, what happens when he is confronted with the complexities of international trade? It will not be a pretty sight.
