Economics and Christmas

When you think of it, the Christmas story has a lot to do with economics.

First, Joseph and Mary were on the road because of a new tax regime. Apparently Caesar hadn’t heard of the dead-weight loss that arbitrary tariffs impose on an economy.

And the three kings were one of our first international trade delegations. They brought free samples from outside the Roman Empire to offer to a king-in-waiting.

The shepherds were managing an agricultural commodity. Perhaps energy prices had affected feedstock costs, and night pasturage was more efficient. In any case, the angels knew that they could find them on-the-job.
But at its heart, the Christmas story is about a gift-one that cost everything. Nothing economical about that.

Merry Christmas to everyone.

Douglas R. Tengdin, CFA
Chief Investment Officer
Hit reply if you have any questions—I read them all!

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By | 2014-09-04T17:07:12+00:00 December 24th, 2008|Global Market Update|0 Comments

About the Author:

Mr. Tengdin is the Chief Investment Officer at Charter Trust Company and author of “The Global Market Update”. The audio version of each post can be heard on radio stations throughout New England every weekday. Mr. Tengdin graduated from Dartmouth College, Magna Cum Laude. He received his Master of Arts from Trinity Divinity School, Magna Cum Laude and received his Chartered Financial Analyst (CFA) designation in 1992. Mr. Tengdin has been managing investment portfolios for over 30 years, working for Bank of Boston, State Street Global Advisors, Citibank – Tunisia, and Banknorth Group. Throughout his career, Mr. Tengdin has emphasized helping clients manage their financial risks in difficult environments where they can profit from investing in diverse assets in diverse settings. - Leave a comment if you have any questions—I read them all! - And Follow me on Twitter @GlobalMarketUpd

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