Tech stocks are hot again this year. The top flying stocks are up by double digits percentage points year-to-date. The bull market in this sector continues for the past few years. Seemingly endless growth and innovation are driving investors to pay sky-high premiums for the top tech market darlings such as the FAANGs. Some of …
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The following is a fascinating map showing the travel times from London to the rest of the world in 1881 produced by the Royal Geographical Society. In those days London was the center of the universe. Even in those days all of Europe was reachable within 10 days. The travel time from London to the east …
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US equity markets tend to perform better when a democrat is president than a republican president. During republican administrations economy tend to be stagnant or have lackluster growth. During democrat presidents’ administrations the economy tends to grow leading to higher stock market returns. From an article in FT Alphaville quoting a recent working paper by Lubos Pastor and Pietro …
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In the modern economy, the rich keep getting richer while the poor getting poorer. Inequality in wealth and income has been growing for many decades now and the wealth disparity between the haves and have-nots is especially wider in developing countries. In many developed countries also, wealth is becoming highly concentrated with a small group …
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The UK used to be a super power ruling many countries of the world. Nowadays UK has become an also ran country. The country is not a leader in technology. In defense, it is generally considered a poodle of the US. Economically the country has bogged down in the Brexit morass for the past few …
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