Gyroscopic Investing

Vil, here's an article I just saw about Bulgaria. Interesting!

https://www.wsj.com/articles/covid-19-p ... _permalink

Xan wrote: ↑Wed Dec 29, 2021 10:01 am Vil, here's an article I just saw about Bulgaria. Interesting!

https://www.wsj.com/articles/covid-19-p ... _permalink

That's interesting. For the past year or two, I've been getting the vibe that Eastern Europe is making a comeback of sorts.

Pug's point, WSJ: https://outline.com/aHxbYM

MangoMan wrote: ↑Wed Dec 29, 2021 6:12 pm

Cortopassi wrote: ↑Wed Dec 29, 2021 1:12 pm Pug's point, WSJ: https://outline.com/aHxbYM

And knowing this, the idiots in charge continue to double down on policies that encourage fleeing. And they keep getting reelected. There must be some rational explanation for this, but I can't fathom what it might be.

The people who vote for the bad politicians don't leave.

Before Covid, Arizona was talking about cutting taxes.

MangoMan wrote: ↑Wed Dec 29, 2021 6:12 pm

Cortopassi wrote: ↑Wed Dec 29, 2021 1:12 pm Pug's point, WSJ: https://outline.com/aHxbYM

And knowing this, the idiots in charge continue to double down on policies that encourage fleeing. And they keep getting reelected. There must be some rational explanation for this, but I can't fathom what it might be.

They've driven the taxpayers and many Americans out. It's a winning formula for the left.

Xan wrote: ↑Wed Dec 29, 2021 10:01 am Vil, here's an article I just saw about Bulgaria. Interesting!

https://www.wsj.com/articles/covid-19-p ... _permalink

Xan, thanks for sharing. Well.. while there is certainly some migration inflow in the recent months, I would rather use the stock charting term 'fake rally' (where you do have a price rally not confirmed by volume or alike, so it ends drooping..) to describe it. Same way as fake rallies I expect this inflow to be short-lived and most-important - fake. There are couple of reasons behind - once Covid is away, most likely some of those people will return back abroad; and what's worth to note - those are not exactly the people that Bulgaria is in desperate need of. Do not get me wrong on what I will say - there is a place for everyone under the sun... however, the vast majority of the 2-3 millions that left the country in the last 3 decades are high grade scientists, top quality IT geeks, ..., you name it, and on the other hand people that tend to return now are ones that did not settle well enough on their places abroad or ones that have kind of volatile jobs ..
Personally, I do not feel an optimist at all. Will use another analogy - this time taken from chemistry - for many of the chemical reactions to start, run and end in a graceful way, you need critical mass of some of the ingredients. Having said that, for a decent shift from post-communism to an established democracy governed by the supremacy of law you need a critical mass of well educated, hard-working and honest people. And to be fair I do see the worthy people that left the country (and will never ever return(assumption!)) as part of this critical mass, leaving the chemical reaction here fruitless, as there is no power to ignite and keep it burning ...
But that's my simplistic point of view, I like keeping things simple for my own ease of digestion

There were some articles last year about New Yorkers escaping the plaguey city to relax in places like Croatia and work remotely. It looked very pleasant and affordable.

God damn Vil, put down that Doom Juice and pick up a Hope Soda. If Ireland could do it, I'm sure Bulgaria can too.

I'll be visiting Bulgaria, hopefully, in the near future. I plan on checking out Nesebar, Sofia, and Varna.

Kriegsspiel wrote: ↑Thu Dec 30, 2021 3:30 pm I'll be visiting Bulgaria, hopefully, in the near future. I plan on checking out Nesebar, Sofia, and Varna.

I enjoyed Veliko Tarnovo, the old section of Plovdiv, Bansko & the Rila Monastery when I was there back in 2002. Only changed buses in Sofia so nothing to report there. Kriegs, unless you are going to Bulgaria to dry out, you must try the Menta!

I crossed into Bulgaria from Edirne, Turkey and there were no buses so I hired a cabbie for 40 euros to take me 150km or so to Plovdiv.

barrett wrote: ↑Thu Dec 30, 2021 3:44 pm Kriegs, unless you are going to Bulgaria to dry out, you must try the Menta!

Surely you jest.

EDIT recs noted though.

Kriegsspiel wrote: ↑Thu Dec 30, 2021 3:30 pm God damn Vil, put down that Doom Juice and pick up a Hope Soda.

I prefer the good old Reality-style Beer (which is the drink that lead me to PP and this forum, not the Doom Juice or the Hope Soda )

On another note, here, in BG there are places for any taste, the ones you've mentioned are more for younger folks looking for party (especially the resort that's just nearby Nessebar - "Sunny Beach" is notorious amongst EU party beasts and UK drunkies). Places mentioned by barrett are more for a culture trip. You may include Shipka monument as well in his list.