Monday I see another report about a young couple that have surmounted the work trap and managed to retire by the age of forty. Well, actually, I didn’t read the article, but that is what I surmise from the headline. From the number of such headlines I would assume that it is an aspiration in the peculiar zeitgeist that passes as the modern world. Why would … [Read more...]
Stock Market Reality Show
Sunday Kanye West has bought stocks which beat the market by 40{781366457d9c05ca9285c5eb3e04ac75968647e24436986cab65f74e6f4b3aad} over the last year. How do I know? It’s on the front page of Yahoo Finance today. That struck me as reducing the serious business of investing in productive enterprises in order to obtain a return to the level of a television Reality … [Read more...]
Economic Collapse
Saturday I’ve just been reading how central banks, already huge stock owners, will inject another US$3.5 trillion into stock-markets this year. The thrust of the article was that it would be a major problem if they ever sold those stocks. That is obviously true, which is why they won’t sell them. Economic collapse will not come from a deliberate collapse of the stock … [Read more...]