The curious structure of German exports
German firms turn over about €9tn at home, roughly twice GDP. But the export figure everyone watches misses an entire economy they run abroad: €3.4tn, invisible to GDP.
Maksim Palevich
Data & product analytics for internet and tech platforms, with writing on markets, policy, and personal finance.
AI and agents put to work across all of it.
What I do
- Data analyst Day job: data & product analytics for internet and tech platforms
- Financial education geldchen.com
- Personal financial planning Independent, fee-based · plvch
- Eardium WIP Audio-visual app for performance enhancement
Writing
Vol. 04
Vol. 03
It's rational to ignore small business
72% of German firms make 1.2% of the turnover. By the numbers, the fiscal neglect of small business is rational. The question is what could ever change it.
Vol. 02
The ETF Fee Paradox
The typical new US ETF keeps getting more expensive, even as the fee on the average invested dollar sits near record lows. Rebuilt from raw SEC filings.
Vol. 01
Open Indexing
A better business model for passive investing: for the saver who drifted into a concentrated bet they never chose, and for the broker whose execution margins went to zero.