It was a week where the NASDAQ hit an all-time high, Gold hit an 8-year high, a major accountancy scandal brought down a major digital finance firm, markets started the week up big, then turned around and finished the week in the red. It is hard to make sense of it all. The NAS and Gold hit those high levels ON THE SAME DAY. But if you step back and take a look at a long horizon the noise gets quiet and you will notice some steady trends.
Month: June 2020
The Extinction of History as a Discipline
History is in decline. In terms of a field of interest for study at university, in terms of how it is being taught and in terms of how it is being applied in public. Taken in respective order, each impacts the next and forms a vicious cycle. The result over recent years is starting to show signs of a field that had been diluted of nuance or ignored altogether.
Contemporary Thoughts on the Week in the Market (and some other things)
A weekly synopsis of random thoughts on the past week of market meanderings.
Market Mania and Blindness
The date is May 29, 2020. The companies named include Amazon, Tesla, Microsoft and Alphabet. There are more, but these names stand out. What is it I am looking at? Investor Chronicle's (IC) international bounce-back "must-buy" list for stocks - amid the economic clouds of Covid-19's impact. The magazine further highlights Amazon in a key feature as a subset of this theme. In the same issue they reference the South Sea Company as the "original bubble". The publication's coinciding weekly podcast is also titled "Living in a bubble". Yet curiously their writers (at least those on the podcast) shied away from applying the term "bubble" to today's market - suggesting markets are not overvalued.
Siloviki 