Economists and financiers have compared stockmarkets to gambling since 1936, when Keynes warned of “the capital development of a country becom[ing] a by-product of the activities of a casino”. In 1999 Jack Bogle of Vanguard decried the “Wall Street casino” where only croupiers got rich, and in 2023 Warren Buffett wrote that “markets now exhibit far more casino-like behaviour than…when I was young”.
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 increased 324.69 points or 0.52% to...
A customer shops for produce in an H-E-B grocery store on May 11, 2026 in Austin, Texas. Brandon Bell |...
Many people today consider the prospect of a socialist utopia to be very appealing. Even if they do not believe...
Economists like to draw triangles. In trade, you can’t have high tariffs, no retaliation, and unchanged prices. In monetary policy,...
April existing home sales in the U.S. came in at an annualized pace of just 4.02 million units, barely rising...
ASIA: The major Asian stock markets had a mixed day today: • NIKKEI 225 decreased 295.77 points or -0.47% to...
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