Zimbabwe’s lesson for Western stock exchanges
How can the Zimbabwean Stock Exchange be the world’s best performing exchange when the country’s economy is disintegrating? John Paul Konig of the Ludvig Von Mises Institute explains.
As the government prints money fuelling hyper-inflation it works its way to the stock market first. Prices are rising there three times as fast as they are in [...]
Why long-term investors need logarithmic charts
A cautionary tale charting growth: As the years go by the pedestrian can look extraordinary unless you use a log-scale.
Revisiting the Big Picture
If you feel it’s time to update your view of the big picture, the Reith lectures, starting tomorrow on Radio 4 are a good opportunity. This year Professor Jeffrey Sachs, director of the Earth Institute at Columbia University, is giving the lectures from London (twice), Edinburgh, Beijing and New York. He’ll be talking about:
Population
climate change
hunger
energy
water
India
China
the [...]
AIMing low
What’s AIM good for? In the war of letters between Clara Furse and Neal Wolkoff, where the London Stock Exchange trumpets AIM’s success and the American Stock Exchange wishes it was free to emulate it, they’re not mentioning one thing. Although AIM has helped London overtake New York as a place to raise money, it’s [...]
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