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”.
Chicken in a Strange Way by Melanie Thomas Armstrong (Ballast Books, 2026), 461 pp.When the communist regimes of Eastern Europe...
Adam Smith articulated the rhetoric of the Bourgeois Deal by highlighting fundamental differences among commercial, political, and martial societies. Everyone,...
Yves here. Today we are providing a mini-tour d’horizon of the impact of the accelerating energy crisis on Europe and...
I have repeatedly warned that people need to watch Turkey. Most analysts view Turkey as simply another emerging market struggling...
Iran struck Kuwait International Airport early Wednesday, killing one person and injuring others, Kuwait's Ministry of Foreign Affairs said.The attack,...
Multiple states held primaries last night and the overall results were muddy with a likely win for centrist Dems in...
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