160 karma · joined January 27, 2022
It benefits however US interests: Germany becomes a more stable partner, no matter how this thing turns out. Currently Russia is blamed, so the German reaction is more severe. In addition, LNG prices are higher, but I don't think that was the main reason for that operation in the first place. Blaming the US, even if their responsibility is certain, in a time of crisis won't happen as a united front against Russia is still needed.
The more I think about it, the more I come to the conclusion that Poland's interests didn't lead to such a operation. They have even more problems with high gas prices than Germany because they don't have long term contracts with Norway.
However, the blown pipes limit the movement of the German government. It is more stable towards protests if a cold winter occurs as there is no option left to appease Russia as the restrictions in the gas sector aren't a product of a revertible decision anymore. Being cold can't be ignored, which a war in Ukraine can be. In addition, any half-baked compromise Russia could offer accompanied by influencing Germany's opinion with gas isn't an option anymore.
In the end, this could even benefit Germany which lacks clear and brave decisions of its leaders. Not deciding if you want to evade the wall you are driving onto right or left eventually leads to crashing into it
Just from intuition DCA would yield less than one lump if the expectation value is larger than 0. But then there is variance. If the asset is volatile enough that even a short period of DCA investing is bringing down the price a bit, I assume.
Those are the things I gathered by lightly consuming news. Maybe this is some kind of preparation for winter, where COVID cases are expected to rise in combination with very high energy prices.
> Sure, but that doesn't make it any less of a double-entry bookkeeping system.
Maybe let me formulate it a bit more diplomatic: It is not what I would expect from a double-entry bookkeeping system. Personally I find one account for each person more intuitive. There may be reasons for not doing this but they are not clear to me yet.
> Regarding the process you suggest, each step in your workflow is a massive undertaking to build. And it serves exactly one (1) user for whom the workflow fits: you.
> It's how I started Firefly III: solving my own problem. So I guess you know what to do ;)
I know that implementing this process is not walk in the park. Please don't see it as a request for you to implement that particular feature because I need it. But for me this would solve an issue I had with all of the personal finance tools. Therefor I wrote down my thoughts, maybe they resonate with someone and it results in a fruitful discussion. Or maybe someone had similar thoughts...
Also, what I was struggeling with (and not only in Firefly, but all budgeting apps) was the sometimes significant delay between the purchase and the bank transaction. In addition there is the issue with split transactions from imported transactions. Basically manual data entry is too much work and automated data entry is too faulty. I roughly sketched a process in my head which could solve that.
It basically disinguishes between manually added information and bank information. Both is stored and then combined to one transaction. This closes the gap between the bank domain and the "user domain".
1. Let the importer bring in all the bank transactions with the date, the transaction is executed. Display on the right.
2. On the left there are manually entered transactions, possibly with split transactions.
3. Now you make matches.
4. If there is no manual entry, you can add some information like splitting the transaction, add a date you did the purchase, etc. by clicking on the bank transaction.
5. All the above could be automated by rules. Like making matches, giving it a pretty name, assigning a category, etc.
6. Last step: Manually sign off all the matches. If a time period has only signed off transactions it gets a "true" designation otherwise a "preliminary".
Happy to hear about your thoughts on that!
What exactly I can do with that I don't know