“Dear Mr. Ex-KGB” article resulted in a lot of email responses. I spent some time on the phone with a journalist discussing my thoughts on Russia and a story of my family coming to the US from Russia in 1991. Playing a devil’s advocate he would say – “yes, things are bad in Russia but [...]
Painting by Naum Katsenelson (my father)
By Vitaliy Katsenelson
Russia’s economy is deteriorating at a very fast pace. The Stabilization fund – a giant $450 billion savings account – has been depleted by a quarter since September as Russia tried to defend its currency. Despite that attempt, the ruble still declined.
I often start my mornings with egg, cheese and turkey sandwich at Panera Bread. This morning was no different. While reading newspapers on my Kindle, sipping hazelnut coffee (I know I just lost respect of the true coffee drinkers), I started with yesterday’s FT, an article on China piqued my interest. China plays a very [...]
In crazy times like today, all one could and actually should ask for is sanity. Yes, sanity–a clear mind free of noise to deal with the insanity that is thrust upon us by a volatile and noise-making machine also known as the stock market. We find ourselves glued to the computer screens or CNBC waiting [...]
Bad decisions when times were fat spell a rough road ahead for those who hold their savings in Russian currency. It is amazing how things change in a few months. In September, Russia was on top of the world, the returning global power. Today, it is slipping into obscurity. If it did not have nuclear [...]
When I think of the Jos. A. Bank (JOSB), I think of Yogi Berra’s saying “Nobody goes there because it is too crowded.” Only in the case of JOSB, it sounds like this: “EVERYBODY goes there because it is NOT crowded.” As most men who shop there will attest, you are lucky to see and [...]