An oft-repeated phrase before an economic or market-based bubble bursts is “this time is different”. A few months ago I asked what the consequences of the Federal Reserve printing $8 trillion. Best anyone can say is that the one clear result of that is a highly inflated stock market. I stumbled upon the Current Market Valuation website to find all these graphs. Above is Warren...
I saw this cartoon on Twitter and was reminded that I’ve not posted about the real purpose of business in years. A few posts on that and related topics:
The influenza pandemic of 1918-1920 killed at least 25 million people globally. Here in the United States 675,000 people are known to have died from that massive outbreak of flu. As of this last week (middle of September 2021), more people have died of Covid-19 in this pandemic. 682,000 as of today, with another 2,000 Americans dying every single day. While 675,000 is the population of a city and...
Before spinning Africa Eats out of Fledge last year, I spent a lot of time digging into the public stock markets of Africa, understanding what it means to be public on an exchange in an emerging market country. I’ve been buying and selling shares on public stock markets since the 1980s but only companies listed on the NYSE and NASDAQ. This week I can across this infographic, showing the...
